Biden admin tells companies seeking CHIPS funding to avoid stock buybacks, provide child care plans
FOX NewsFeb 28, 2023
The Facts
US Pres. Biden on Tuesday signed an executive order featuring more than 50 directives to increase access to childcare and to improve the work lives of caregivers without requiring new spending.
Biden is pushing for there to be $750B to be included in the 2024 budget to support caregivers and workers over 10 years.
The Spin
Republican narrative
This executive order continues the Biden administration’s attempt to extort companies to expand their childcare offerings. It started with the CHIPS Act, which required companies applying for funding to adopt a plan for childcare for their workers. Now we have this order, which usurps Congress’ authority to make laws expanding childcare and unlawfully applies taxpayer money to childcare and caregiver programs.
Democratic narrative
As long as Republicans control the House, Congress is an obstructionist body, and the American people need access to affordable childcare now. So the White House is using its power of the purse to coax federal agencies and companies to work toward providing families with financial relief. This is a victory for Democrats.
