New Haven Register, February 28, 2017: (Opinion) Another View: Trump’s child care plan for the rich
“The broad idea is to let people making less than $250,000 a year ($500,000 for couples) deduct the cost of child care from their taxable income. People who earn too little to owe income taxes would be eligible for a smaller tax credit.
Upon closer inspection, though, Trump’s campaign proposal would do relatively little for struggling low- and middle-income families. For one, it represents only a small part of a broader tax reform plan that would overwhelmingly benefit the wealthy: Its total cost amounts to roughly one twentieth of the cuts that would go to millionaires alone.”