Asked recently how he would bring down the high cost of child care, former President Donald Trump said doing so would be relatively ''not very expensive'' — at least, not compared with revenue from tax hikes he would impose on foreign goods.
Economists are skeptical tariffs would raise enough to cover Trump's tax cuts as well as a large-scale child care program, and Democrats said higher tariffs would raise costs for families by increasing the prices of consumer goods. A spokesperson for the Trump campaign did not respond to questions on his plans for child care.
On one point, some child care experts agree with Trump: Fixing the child care system would not be very expensive compared with some other government expenditures. But as past proposals have shown, the price tags associated with a federally funded child care system make it difficult politically to achieve.
''I do think his comments are somewhat accurate — that fixes to child care, making child care more accessible and more affordable for families is actually, in the scheme of things, probably not that expensive relative to many of the other things that we already spend money on,'' said Chloe Gibbs, a University of Notre Dame economist who served on the President's Council of Economic Advisers from 2022 to 2023.
Trump made the remarks on child care during an appearance Thursday at the New York Economic Club.
''We are going to be taking in trillions of dollars,'' Trump said, citing his proposed tariffs. ''And as much as child care is talked about as being expensive, it is relatively speaking not very expensive compared to the kind of numbers we'll be taking in.''
His election opponent, Vice President Kamala Harris, says she wants to lower the financial burden of care for families with children or disabled adults. She says she would raise pay for child care workers, preschool teachers and other professional caregivers. Her plan lacks specifics on how she would pay for those initiatives.
The child care industry is what Treasury Secretary Janet Yellen has called ''a broken market.'' Despite low wages, labor costs are high in part because one person can only supervise a small number of children. Those costs are passed on to families, who often struggle to afford tuition. Mothers end up staying home because child care costs more than they would earn in the workforce.