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Biden Tax Plan Paves Way for Women to Power Economic Growth

April 28, 2021, 3:22 PM

President Joe Biden is betting an investment in child care and other social programs will spur long-term economic growth.

Many of the policies -- part of Biden’s new $1.8 trillion plan -- could do just that by increasing women’s labor force participation, boosting productivity and distributing benefits more equitably.

But it’s hard to quantify how big the impact will be and the proposals are funded in part by massive tax hikes on the wealthy, fueling debate about whether the economic gains justify the costs to U.S. taxpayers.

“There will likely be an economic boost of having more child care available,” ...

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