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FILE - Rylee Monn plays with children in her class at a child care center in Lexington, Ky., March 13, 2024. (AP Photo/Dylan Lovan, File)

Having a family is expensive. Here's what Harris and Trump have said about easing costs

Families are looking for relief from the high cost of caring for children

By MORIAH BALINGIT
Published - Aug 28, 2024, 12:09 AM ET
Last Updated - Aug 28, 2024, 04:37 AM EDT

WASHINGTON (AP) — The high cost of caring for children and the elderly has forced women out of the workforce, devastated family finances and left professional caretakers in low-wage jobs — all while slowing economic growth.  

That families are suffering is not up for debate. As the economy emerges as a theme in this presidential election, the Democratic and Republican candidates have sketched out ideas for easing costs that reveal their divergent views about family.  

On this topic, the two tickets have one main commonality: Both of the presidential candidates — and their running mates — have, at one point or another, backed an expanded child tax credit. 

Vice President Kamala Harris, who accepted the Democratic Party's nomination last week, has signaled that she plans to build on the ambitions of outgoing President Joe Biden's administration, which sought to pour billions in taxpayer dollars into making child care and home care for elderly and disabled adults more affordable. She has not etched any of those plans into a formal policy platform. But in a speech earlier this month, she said her vision included raising the child tax credit. 

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