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Calls to subsidise 95 per cent of childcare

Article image for Calls to subsidise 95 per cent of childcare

There are calls to subsidise 95 per cent of childcare as Australia contemplates the path out of recession.

It would cost $5.4 billion a year but KPMG insists it would stimulate the economy up to $7.4 billion per year.

Chief Executive Women President Sue Morphet told Ben Fordham there are great benefits to this proposal.

“The one option that I think they should look at is for all families up to $80,000 income, their childcare is subsidised to 95 per cent and then after that a very gentle taper off to a base of 30 per cent.

“This is an investment in families.”

Click PLAY below to hear the full interview

Image: Getty

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