New Analysis Finds Build Back Better Act Could Save Typical Virginia Family Thousands of Dollars in Child Care Costs Every Year
NEWPORT NEWS, VA – According to a new analysis released today by the House Committee on Education and Labor, the Build Back Better Act could save Virginia families thousands of dollars in child care costs each year. The Committee’s report found that the typical Virginia family of four with one infant in full-time center-based child care would save $12,680 each year. The typical Virginia family of four with one infant and one child in full-time center-based child care would save $24,280 each year.
“This is why we need to pass the Build Back Better Act,” said Congressman Bobby Scott (VA-03), the Chairman of the Committee on Education and Labor. “For too long, the exorbitant cost of child care has strained family budgets and pushed millions of Americans out of the workforce, particularly women. As our communities recover from a pandemic that only worsened the child care crisis, we have a responsibility to make bold investments that will expand access to quality child care and help working parents return to work. The Build Back Better Act will lower child care costs for families across the country and provide children with high-quality early childhood education. This is a vital investment in our families, our economy, and our future.”
Under the Build Back Better Act, no family would pay more than 7 percent of their income on child care. Families making 100 percent of the State Median Income or less – which is $104,652 for a family of four in Virginia – would pay no more than 2 percent of their income on child care, regardless of the number of children they have in child care.
The legislation’s child care investments, which the House Education and Labor Committee advanced in September, would give families greater financial security, allow more parents rejoin to workforce, and help grow the economy.
For the full state-by-state analysis, click here.
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