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.
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