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Kamala Harris speaks at a school in Nevada. Photo: Ethan Miller/Getty Images

2020 Democratic candidate Sen. Kamala Harris has unveiled a teacher pay plan that would give the average teacher a $13,500 raise, after saying at a Houston rally last weekend that she would make the largest-ever federal investment in educators' pay if elected president.

Why it matters: Harris is the first 2020 candidate to release a plan like this. This proposal helps her expand her economic message to address one of the public crises we've seen play out over the last two years through teachers' strikes around the country.

Details: The plan would cost around $315 billion over a span of ten years, "paid for by strengthening the estate tax and cracking down on loopholes" on tax breaks for wealthy people.

  • The $13,500 pay raise is equivalent to a 23% base pay increase for the average teacher, according to the plan.
  • States and school districts "will be required to use funds to increase teacher pay, not replace existing education funding."
  • The plan advocates for "an immediate federal investment in every state" to "provide the first 10 percent of funding needed to close the teacher pay gap."
  • Schools that predominantly serve students of color will receive even more funding to increase teacher pay.

Read the full teacher pay proposal.

Go deeper

Updated 55 mins ago - Science

China launches first astronauts to new space station

The manned Shenzhou-12 spacecraft from China's Manned Space Agency onboard the Long March-2F rocket launches at the Jiuquan Satellite Launch Center in Jiuquan, Gansu province, China, on Thursday morning Beijing time. Photo: Kevin Frayer/Getty Images

China's Shenzhou 12 mission carrying three astronauts launched into orbit on Thursday morning Beijing time.

Why it matters: Astronauts Nie Haisheng, Liu Boming and Tang Hongbo are set to occupy China's new space station. This will be the country's longest crewed space mission ever and the first in almost five years.

Biden's two-step negotiating process

President Biden departs Geneva. Photo: Martial Trezzini/Pool/AFP via Getty

President Biden's summit "reset" was less about trying to make a friend out of Russia than reframing what the U.S. believes can be accomplished by engaging with President Vladimir Putin.

Driving the news: The Geneva meeting yielded no immediate breakthroughs beyond agreements about ambassadors returning to work and plans to launch talks on nuclear security. But in classic Biden fashion — aviators on, jacket off and a one-liner about invading Russia he had to clarify was a joke — the U.S. president used a post-summit news conference to explain his approach.

Scoop: NRCC to accept cryptocurrency donations

Illustration: Sarah Grillo/Axios

The Republicans' House campaign arm will begin accepting contributions in cryptocurrency, Axios has learned.

Why it matters: The National Republican Congressional Committee is the first national party committee to solicit crypto donations. That puts it at the forefront of a disruptive financial technology that could test campaign finance rules.