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Source:
Tax Policy Centre
Format:
Report
Publication Date:
28 Feb 2017
AVAILABILITY
ABSTRACT
During the presidential campaign, Donald Trump proposed three new tax benefits related to child care –an expanded credit for low-income families, a deduction for higher income families, and a savings account. These proposals bring attention to the burden child care costs can place on low-and middle-income families. Our analysis finds that about 70 percent of benefits go to families with at least $100,000 and 25 percent of benefits go to families with at least $200,000. Very few benefits go to the lowest income families who are likely to struggle most with paying for child care
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