The proposal would modify tax credits to help working parents afford child care.
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When everyone gets a subsidy no one gets a subsidy. The price of child care will just adjust upwards to include the tax credit.
My immediate first thought. In the short term, I’d be thrilled with any relief because we’re hurting but the bill doesn’t come close to addressing the root causes of runaway costs.
Never mind the quality of childcare in low and mid-income neighborhoods. You couldn’t pay for a month of quality care with the extra $500/year (800? depending on the additional tax credit) of refundable credit.
How bout you break up monopolies that are inflating prices of basic necessities to the point where it’s the only thing the middle class can afford?
I despise any solution that involves tax credits.
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