From The Washington Post:
Donald Trump unveiled his economic vision in a Detroit speech Monday, tackling jobs, wages and … child care. The Republican presidential nominee drifted from his party’s familiar territory and proposed a way to make the service more affordable for struggling American families. Trump’s idea: Allow working parents to “fully deduct” the expenses from their taxes.
Now both Trump and Clinton have announced ambitious plans for the future of American child care, and they share two characteristics: Both are ambiguous, and neither candidate has outlined how they’d pay for it all.
The biggest difference between the plans is perhaps who they would serve. Trump is targeting working families. Hillary Clinton’s includes relief for the out-of-work poor.
By offering child-care relief as income-tax deduction, Trump’s move would likely save middle- and upper-class households money. (Some of that burden, of course, is already deductible: Working parents can deduct a portion of their child-care expenses up to $6,000 from their federal income taxes.) But some economists say Trump’s plan leaves out the working class and unemployed:
By implementing his proposed childcare subsidy as a tax deduction rather than a tax credit, Trump effectively excludes all poor families.
— Justin Wolfers (@JustinWolfers) August 8, 2016
Clinton revealed her child-care plan about three months ago, proposing to cap the expense at 10 percent of a household’s income. She intends to reach that lofty goal with tax credits and subsidized child care, both of which would require an enormous public investment. Subsidized care is already available to kids across the country, but advocates say waiting lists can delay the service for months.
She also proposed boosting pay for child-care workers, a strategy she thinks will help improve the quality of …