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Committee probes White House childcare, housing and billionaire tax proposals in budget presentation
Summary
Director Young told the committee the budget would cap many families' childcare costs at about $10 per day, expand preschool and Pell Grants, and include a $10,000 two‑year first‑time homebuyer credit plus a $20 billion competitive housing innovation fund; she also described a billionaire minimum tax to raise revenue. Republicans questioned priorities and long‑term debt tradeoffs.
Director Shalanda Young described a multi‑pronged package in the president's FY2025 budget aimed at lowering costs for families: expanded preschool and child care, larger Pell Grants, and housing incentives for first‑time buyers and communities that increase supply.
"We believe, and the Biden budget, reinforces that preschool should be free and would be free for all families," Young said, adding that most families…
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