“I want to applaud my daughter, Ivanka, for her work and leadership on this issue”. On the one hand, conservatives in Congress who support Trump have been in no rush to praise his increasing number of proposals that contradict GOP orthodoxy. “We’re going to solve that problem. That’s what we’re doing”. She argued that “policies that allow women with children to thrive should not be novelties, they should be the norm”.
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“Out of options, she made the tragic choice to leave her young children in a hot auto while she attempted to secure the job in order to better the life of her family”, Trump said.
“On average, households with a woman working outside her home and taking care of a child under 15 paid an average $127 a week on child care, according to a Census Bureau analysis of 2010 data”. It also calls for guaranteeing new mothers six weeks of paid maternity leave and suggesting new incentives for employees to provide their workers childcare.
Currently, federal law guarantees only 12 weeks of unpaid leave under the Family and Medical Leave Act for most employees.
But Trump’s plan didn’t focus only on young children and their parents.
The Clinton campaign was quick to pounce on Trump’s proposals Tuesday, calling the paid maternity leave portion of his plan a “regressive and insufficient” policy that’s “out-of-touch, half-baked and ignores the way Americans live and work today”. “This solution will receive strong bipartisan support”, he said. So if you go to rural communities, the bias toward institutional care doesn’t help you because there’s no access to institutional daycare centers. I’m hearing they will be.
For a family earning $70,000 per year in the 12 percent tax bracket with $7,000 in child care expenses, the deduction would reduce taxes by $840 per year.
“I’m hearing wow. I like to hear wow”.
Mr. Trump’s proposal calls for allowing taxpayers – both those who take the standard deduction and those who itemize deductions – to deduct child-care expenses up to an amount equal to the average cost of care in their state.
But Aparna Mathur, the resident scholar in economic policy studies at the American Enterprise Institute, still questions the efficacy of the plan for lower-income families. The tax credit is basically a cash payment made via tax returns to those who didn’t earn enough to be taxed. “She never will and if it evolves into a plan it will never get done anyway. And what would be the cost?” she asks.
Mrs. Clinton has advanced a proposal to limit child care costs to 10% of a family’s income, but has offered few details on how that would work.
The U.S. economy could be $1 trillion (758.61 billion pounds) smaller than otherwise expected in 2021 if Republican candidate Donald Trump wins the presidential election in November, economics research firm Oxford Economics said on Tuesday. He is expected to flesh out that plan Tuesday, including expanding the deduction to include costs associated with caring for elderly dependent relatives. “If low-income families were good at saving, this could have provided an added incentive at the margin”.
A Trump campaign aide who described the plan couldn’t say how much revenue the new tax breaks would cost.
The Trump campaign says that stay-at-home parents would also be eligible for the same tax deductions working parents now receive.
To achieve this, Clinton would seek to boost federal spending on child-care subsidies and provide “tax relief for the cost of child care to working families”. The aide said that the plan would simplify rules and regulations to make such a benefit more attractive.
“The lack of seriousness of this proposal is no surprise given his history of disrespecting women in the workplace and the fact there’s no evidence he ever provided paid family leave or child care to his own employees”, Hillary for America senior policy advisor Maya Harris said in a statement.
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Johnson’s opponent, Democrat Russ Feingold, has called for more paid and flexible time off for families for such things as a birth, recover from an illness or help a sick family member.
