Harris responded that she’d cap child care costs at 7% of working families’ income, following the Biden administration playbook that she was heavily involved in writing.

Soaring child care costs are a major financial drain on millions of U.S. families. Here's what the Harris and Trump campaigns say they would do to address it.

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Nationwide, the average annual cost of care rose to $11,582 per child last year, up 3.7% from the prior year. It was the smallest annual increase since the pandemic began and trailed inflation.

Companies will now be allowed to claim 40% of qualified child care expenditures up to $500,000, or 50% up to $600,000 in the case of small businesses. Investing In Retention And Productivity ...

The study also sheds light on the disparity in wages for child care workers. As of 2024, the average hourly wage for child care employees is $16.64, compared to $30.29 in other occupations.