2020 Democratic presidential hopeful Elizabeth Warren pulled-back the curtains on her long-promised “Universal Child Care” proposal Tuesday; with analysts confirming the plan would likely cost $70 billion per year.

“Democratic presidential candidate Elizabeth Warren proposed a universal child care plan that would limit American families’ expenses to 7 percent of income regardless of how many children they have in care — paid for by a tax on the ultra-wealthy,” writes Bloomberg.

Our kids are our future – but right now, we’re shortchanging them. Add your name to the petition: Every kid aged 0 to 5 in America should have access to high-quality, affordable child care and early learning. #UniversalChildCare https://t.co/zRPQmKAvYo — Elizabeth Warren (@ewarren) February 19, 2019

“Warren’s plan would cost taxpayers $70 billion per year, according to an analysis by Moody’s Analytics economists Mark Zandi and Sophia Koropeckyj,” adds the report.

Read the full report here.