Child Care Plan Is A Change In Rhetoric For Donald Trump

From NPR:

That came as a surprise to some; those points made her speech sound more Democratic than Republican, as NPR’s Asma Khalid noted.

But now, the GOP presidential nominee is following through, offering the bare bones of a plan to help families afford child care. (And, as Trump told Fox & Friends on Tuesday, Ivanka was indeed a big part of the plan.)

His proposal has some weaknesses — the deduction at its heart would mostly benefit middle-to-upper-class families — but it also represents an evolution from the late-2015 Trump, who was at times dismissive of child care questions.

What’s in Trump’s plan?

Trump announced on Monday that his plan was going to allow families to “fully deduct” the “average” cost of child care.

That would only benefit middle-to-upper-class households, as economist Justin Wolfers pointed out on Twitter:

The difference is that a credit subtracts money from your tax bill, whereas a deduction reduces the income that you pay taxes on.

Lots of Americans already pay no federal income tax — 45 percent of households, according to a recent estimate — so what would help them more would be a refundable tax credit. The Earned Income Tax Credit is one example of a refundable credit, meaning if it makes a person’s tax bill fall below zero, that person gets a refund.

Among those people whom Trump’s deduction would help, it would benefit richer people more than the poorer ones, because higher earners have higher taxes, as Michael Linden, an economics expert who formerly worked at the left-leaning Center for American Progress, pointed out Monday.

However, after the speech, as many criticized the deduction, the Trump campaign described (albeit vaguely) a plan to help lower-income families. In a statement, the campaign said their proposal would benefit those families …

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