Cheryl Carleton: Will Trump give working families a break?
“As an economics professor who researches issues that working women face, I couldn’t agree more. When more women earn income their own families benefit – along with the whole economy. And I’m heartened to see that after its initial proposal for a child care tax break that would mainly benefit the rich, the Trump administration has switched gears. It now seeks to bring relief to working families farther down the economic ladder. According to media reports based on skeletal details, officials want to increase the Child and Dependent Care Credit, which lets working parents deduct up to US$2,100 from their taxes. That’s the kind of fix that would make our economy friendlier toward working moms as Yellen prescribed.”