Labor’s childcare policy not as good as it appears

The Grattan Institute has given a ‘tick of approval’ to Labor’s $6.2 billion childcare policy, which proposes to increase the maximum Child Care Subsidy from 85% to 90%, slow down the rate at which the subsidy tapers off, and remove the annual cap:

It’s economic reform, not welfare

As veteran commentator John Durie points out: “When a politician spends billions on building roads everyone nods and ticks the box but if that same money is spent on childcare subsidies, some question its merit and call it middle class welfare.”

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