“Where are places where we can lower price pressures in the economy, lower costs for consumers and increase the productive potential of the economy? The things that we will prioritize and focus on will be in that area,” Brian Deese, the director of the White House’s National Economic Council, told the Journal.
Mr. Deese did not specify what will be presented to President Biden, but the White House previously advocated for paid family leave, universal prekindergarten and permanent expansion of the Child Tax Credit. Passing these items may be more difficult when Republicans gain control of the House of Representatives next year, the Journal reported.
However, many economists say that expanded child care benefits will help get young women — a group which has been underrepresented in the labor market — back into it.
“When we look at areas where we can make progress, one is on helping working parents,” Mr. Deese told the Journal. “Providing quality, affordable child care actually helps to reduce cost burdens on families and gets more people working.”
The administration is also looking at workforce training models to connect people with high-growth opportunities, as well as ways to reduce housing costs, according to the Journal.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
