Trump Is Getting Rid Of The Child Care Deduction?

Former President Donald Trump has been asked about his plan to make child care more affordable and accessible. Despite his general claim that new tariffs will pay for Americans’ child care, CNN’s Tami Luhby found it to be not very expensive. Trump has a history of easing childcare costs, with Congress expanding the child tax credit during his first term. The Biden changes increased the credit to $3,000 per kid aged 6 and over, and $3,600 per kid under 6, paid it out monthly, and made the full credit.

Trump is weighing whether to endorse an expanded $5,000 child tax credit that would go to parents at all income levels. The Tax Cuts and Jobs Act doubled the child tax credit to $2,000 per child and added another $500 credit for older children and other dependents. The Republican vice presidential candidate, for example, has suggested that families get up to $5,000 in relief per child, and the plan would be similar.

Trump’s plan for making child care more affordable is to impose a $3,900 tax hike on middle-class families. As president, Trump will restore that tax cut and expand it, providing $6,000 in tax relief to families during the first year of a child. The Republican vice presidential candidate, for example, has suggested that families get up to $5,000 in relief per child, and the plan would be similar.

In summary, while Trump has made some progress in making child care more affordable, there are still challenges to overcome. It is crucial for both parties to work together to find a solution that addresses the high cost of childcare and ensures that families have access to affordable healthcare.