The proposals include doubling the child care tax credit for families who make less than $85,000; a $1.6 billion increase in child care funding, and "capping student loan payments to 10 percent of income above 'a basic living allowance.'"
If you make under $85,000 (but not $86,000!) he also wants you to get a tax credit that matches the amount you save for retirement, and a tax break if you are caring for elderly relatives.
I like fewer taxes, in any way, shape, or form. But this proposal, like all other special taxbreaks for special classes of Americans, will further dis-incentivize people from trying to make more than the government allows.
Can You Afford It?
Carrie Schwab Pomerantz
Soft Diplomacy Didn't Stop North Korea's Nuclear Quest
Professor Hypocrite, Tear Down This Door!