Trump is Proposing New Federal Subsidies for Childcare
Trump made a speech on Tuesday proposing new federal subsidies for child care. He would allow childcare to be tax deductible. That would be a boon for the daycare industry.
http://blogs.wsj.com/washwire/2016/0...-swing-voters/ "Mr. Trump’s proposal calls for allowing taxpayers — both those who take the standard deduction and those who itemize deductions — to deduct child care expenses up to an amount equal to the average cost of care in the state." |
I saw this too great news! I don't like him as a person but I hope if elected he will fix the Obamacare mess too.
|
http://www.nbcnews.com/politics/2016...-plans-n647711
"Trump: Working parents - and parents who stay home to care for children - can deduct the costs on their taxes via the Earned Income Tax Credit. The campaign estimates that middle class families could receive a $1,200 tax break. Trump also proposes a Dependent Care Savings Account that allow the accumulation of funds and are tax deductible and appreciate tax free. Dependent care accounts already exist but must be used by the end of the year and only available through an employer. Clinton: She wants to cap child care costs at ten percent of a family's income. To do that, she'd rely on tax cuts or state block grants for the government to subsidize costs exceeding ten percent." I like the tax free savings account idea. likethis It encourages and rewards those who believe in personal accountability. The tax break for parents who stay home also reinforced that point. likethis "For the government to subsidize"... umm, we know where the governments money comes from. (see above) Spin changes nothing. :rolleyes: |
"Trump: Trump doesn't offer leave for fathers, but his maternity leave plan would guarantee six weeks of paid maternity leave in the form of unemployment insurance, which is capped at a percentage of income in many states.
Clinton: Clinton's plan guarantees 12 weeks of paid family leave - for mothers and fathers with at least two-thirds of their salary. It would be paid for by raising taxes on the wealthy." I think that if Trump would allow for either parent to take family leave, removing gender bias, he'd have a winner. Obviously, Mom would need a few days to recover from birth, but wouldn't her sick leave already cover that? ;) |
Originally Posted by Cat Herder: |
Originally Posted by Cat Herder: It's part of our curriculum themes, program content and over all philosophies. |
without taking sides (not right this minute).
we have that account for dependent care. it's 5K a year. our DC costs somewhere around 6.5K (I don't remember exact number). and we are talking 1 child in a place where DC is not too expensive. well, Montessori is another story, but we go to a regular one. my friend lives in DC and has 2 kids. her DC costs her 10K per year per child. so, that account covers a whopping half a child. she laughs when I talk about it. nervously. |
Originally Posted by Mad_Pistachio: |
"The Trump plan will reduce regulations that disproportionately favor center-based care to create a new, dynamic market for family-based and community-based solutions. Families will be given the power and information to choose who will be providing care and where that care will be provided without fear of loss of government benefits. The marketplace will be free to develop alternatives that provide care where needed, and at the times when people who work irregular hours need care."
Ok. I am scared to hope <<< see what I did there. :Sunny: Is it really possible? |
....and people rag on me for being a Trump supporter.
He is a businessman and understands running a business according to regulations. I couldn't find a better way to help the private family child care provider than this solution, especially when current legislation is slowly taking away from a small business sector creating more working poor or unemployment. This is a sound decision to help the economy as well. Trump 2016:ouch: |
Originally Posted by MunchkinWrangler: If it turns out to actually have been a joke in November, I am going to be so...... :ouch: Still feels surreal, like when Ron Jeremy and Tammy Faye became roomates. :p |
I have been recently sold and will be voting for Trump as well. His policies on many things are just plain good business and common sense.
I was going to vote for Bernie, despite being a conservative. |
Originally Posted by Mad_Pistachio: The account wasn't intended to completely cover dc costs, it was intended to be a supplement to them. I had 3 in dc before there were even such things. Kids are expensive! |
Originally Posted by Cat Herder: This will be the first year I will go out to vote since 2004!!! Don't want to get too deep into politics but we need to get our economy back. There have been not a lot of sound legislation passed over the past years and it is creating more and more issues for our country. May the best man/woman win! |
Originally Posted by Mad_Pistachio: When established for a child, parents can use the accumulated funds to enroll their kids in a school of their choice or for other enrichment activities that prepare them for their future. Funds remaining in the account when the child reaches 18 can be used for higher education expenses. To encourage low-income families to establish DCSAs for their children, the government will provide a 50 percent match on parental contributions of up to $1,000 per year. That’s an extra $500 per child for families that qualify. This will encourage savings, and position families to be better able to withstand the unexpected costs of childrearing. When established for an elderly dependent, the funds can be used for adult day care, in-home or long-term care services. The ability to set aside funds tax-free would be particularly helpful to women, low-income workers and minorities, who are typically primary care providers that reduce paid time worked in order to provide care. The ability to set aside funds for elder care is critically important because taking time off from working to care for elderly family members reduces a woman’s financial readiness for retirement, and can increase a woman’s risk of living in poverty in old age." https://www.donaldjtrump.com/positio...ca-great-again |
Originally Posted by Cat Herder: |
Originally Posted by mommyneedsadayoff: |
http://www.huffingtonpost.com/entry/...b0aa4b722d99c7
"Trump’s plan even includes a credit for stay-at-home mothers, but not for stay-at-home fathers. That such a man exists wouldn’t even cross (Trump's) mind." My dh was a SAHD for 6 months with our DD. Under Trumps plan my DH would not have gotten the credit just because of his gender, where if I would have stayed home instead we would have. It sounds outdated and no enough. Only 6 weeks?! We need to catch up to the other developed nations on how we support families. |
And a note in defense of Obamacare (because I feel called to defend something that has so profoundly changed my life).
My DH has epilepsy. There was a time he was having a seizure a week. In his field it was not uncommon for employers to not offer benefits. No private insurance company would cover him. When we got married he lost his parent's insurance. We greatly debated marriage, as we knew he would lose his insurance, but it seemed dishonest and against our faith to live as if married, but not officially get married. His main medication was $800 a month. That's not counting appointments with his FP, neurologist, or his secondary medication. We were married 5 years before Obamacare. We were always working 2-3 jobs and living paycheck to paycheck. Now our family of 5 has insurance for $300 a month, his medication is a $25 co pay each month. Now, we can afford for him to go back to school, we can put money in savings, we are no longer on government assistance. Obamacare has given our family a fighting chance. |
Originally Posted by Controlled Chaos: |
Originally Posted by MissAnn: |
Originally Posted by Controlled Chaos: |
Originally Posted by Controlled Chaos: 1. HSA- dh's work contributes $1500 a year and it is tax free, as long as it is used for medical/health purposes. We use it for eye/dental care and for prescriptions and co pays. 2. Teledoc- it's a doctor service that is online or through an app on your phone. You set an appointment time and wait for the doc to call or facetime you. DH's company offers it completely free. The docs will assess symptoms and prescribe for the usual illnesses...anything more severe, they will refer you to your primary doc. 3. My dh's company offers incentive programs. If you watch health videos, you get free gift cards. They do a yearly health assessment and any improvement is rewarded through higher pay (a small bonus added to each check). They offer a stop smoking bonus. My husband did this (smoked for 10 years), so he got $750 after the first 3 months and another $750 after 6 months. These are small things the company does to promote good health and in an attempt to keep the overall insurance costs for the company down. So, my main issue is that we rarely go to the doctor for illness issues. We go for preventative care. Dh's insurance covers one WELL visit for him, me, and our two kids. I also get one women's visit (GYN), as well. We actually just found a dentist that will accept the company's dental insurance, but up until this, we have paid out of pocket for any dental or vision treatment. We pay just shy of $6000 per year for insurance, so since our medical needs don;t add up to that much each year, I feel like if I put that in an HSA, I could save so much more and have more medical freedom and not be so dependent on insurance. Obviously, major illness can happen, so a super high deductible plan for emergencies kind of seems better. One of the main reasons for my frustration is that my parents worked their butts off for years. My mom was a teacher, but when she got leukemia, they went through hell and back trying to get her covered. My mom died with over $300k in medical debt, yet had very good insurance until they just couldn't afford the premiums anymore. I guess, what I am saying is that I don't trust insurance companies, so I have a huge issue with them being included in any federal law that concerns health care. Sorry for the long winded post...just thinking out loud again!:lol: |
Originally Posted by mommyneedsadayoff: |
Originally Posted by Controlled Chaos: |
Originally Posted by daycarediva: |
All times are GMT -7. The time now is 11:04 PM. |