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Mr Trump's $4.75tn spending plan is unlikely to pass the Democratic-controlled House of Representatives.
The policy wish list includes a significant boost to Pentagon spending, and steep cuts to safety net programmes.
The Republican president also seeks $8.6bn for a US-Mexico border wall.
The $1bn childcare plan is a one-off allocation that would seek to improve access to care for underserved populations.
Ivanka Trump, who has made women's economic issues her main focus, also lobbied for the childcare tax credit that found its way into the 2017 Republican tax reform bill.
Annual full-time childcare in the US can cost up to $22,600 on average, according to the Economic Policy Institute.
Affordable childcare is set to become a campaign issue next year as Democrats seek to thwart President Trump's bid for re-election.
Democratic presidential contender Elizabeth Warren has already touted her plan for affordable childcare, which would be paid for with a new tax on multimillionaires.