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My guess is whatever help the people earning over 85K will get will be eaten up in taxes. And the ones in the 115K+ range won't be helped, in fact, will probably be hurt by higher taxes/less take home.
An increase in the child tax break would be better, IMO.
"...a doubling of the child care tax credit for families earning under $85,000...."
Here's what I say to it: Come to papa, tax credit!
I don't really get where your negativity is coming from on the daycare issue. If you want to stay at home and raise your kids that's your call (and mine too for the last 4 years).
But some people really need 2 incomes to get by and raise their families. And with times as hard as these why not give some of these lower income people some relief?
My guess is whatever help the people earning over 85K will get will be eaten up in taxes. And the ones in the 115K+ range won't be helped, in fact, will probably be hurt by higher taxes/less take home.
An increase in the child tax break would be better, IMO.
sure, that might be better, but that doesn't necessarily mean the current proposal is a bad idea.
Here's what I say to it: Come to papa, tax credit!
I don't really get where your negativity is coming from on the daycare issue. If you want to stay at home and raise your kids that's your call (and mine too for the last 4 years).
But some people really need 2 incomes to get by and raise their families. And with times as hard as these why not give some of these lower income people some relief?
The difference between 84K and 116K isn't that huge - a mere 32K. But the difference between what these families will be getting (or shelling out) is pretty significant in terms of relief.
At any rate, it's just a proposal, not set in stone.
...Just like it is our choice to make the material sacrifices so that our children can actually be rasied by their parents....
You do mean that your children are being raised by thier MOTHER right?
You can't have it both ways. You can't claim that your children are being raised by their PARENTS (plural) but that kids with 2 working parents are being raised by the daycare. You go to work right? So how come YOU are raising your child, but the parents in a family where both parents work aren't?
There is a lot to dislike about this childcare tax credit proposal. Two parents making 58K each would not be eligible for the child care tax credit - they make too much combined. They probably both *need* to work, probably couldn't make it on one income, and they still have all the childcare costs but it doesn't matter - they still get no credit under this proposal...
There is a lot to dislike about this childcare tax credit proposal. Two parents making 58K each would not be eligible for the child care tax credit - they make too much combined. They probably both *need* to work, probably couldn't make it on one income, and they still have all the childcare costs but it doesn't matter - they still get no credit under this proposal...
If someone "can't make it" on 58k a year, then they are living way too excessively, or are living in an extremely high cost-of-living area.
There is a lot to dislike about this childcare tax credit proposal. Two parents making 58K each would not be eligible for the child care tax credit - they make too much combined. They probably both *need* to work, probably couldn't make it on one income, and they still have all the childcare costs but it doesn't matter - they still get no credit under this proposal...
Yes, but a family making $116K/year should not need any help paying for childcare. They should be able to cover that cost very easily.
If someone "can't make it" on 58k a year, then they are living way too excessively, or are living in an extremely high cost-of-living area.
It would be difficult for a family to live on $58K per year here in Fort Lauderdale. Not impossible, but it's a pretty low income given expenses in this area.
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