Posted on 01/20/2015 3:04:34 PM PST by Kaslin
Such a deal.
Among the highlights of President Obama’s State of the Union address plans to pull the American family out of economic plight is a $500 tax credit for two-earner families.
Here’s how the White House presented it in a fact sheet: “Provide a new, simple tax credit to two-earner families. The president will propose a new $500 second earner credit to help cover the additional costs faced by families in which both spouses work — benefiting 24 million couples.”
The provision is included in his effort “to help middle class families get ahead.” Like who? Administration officials said families earning up to $210,000 would get a piece of the tax credit. That is four-times the earning of the “typical” middle class income of $51,939 calculated by the Obama-supporting Center for American Progress. It’s to pay for the added commuter and child care costs of two-earner families, but it wouldn’t cover much.
RELATED: Obama has proposed tax hikes in every State of the Union
Take child day care. The just-out Child Care Aware of America’s 2014 report said the child care price for an infant can reach $14,508 a year or $279 a week.
At that rate, the $500 credit wouldn’t cover two weeks of infant care. For a four-year-old, the costs can reach $12,280, or $236 a week, meaning the credit would just cover two weeks of fees. The report is below.
Ditto for commuter costs. Take Columbus, Ohio, as the example. The Center for Neighborhood Technology’s “Affordability Index” puts the cost of “average annual transportation” at $14,001. That’s about $538 every two weeks, or more than enough to eat the president’s tax credit.
RELATED: Obama's State of the Union will call for hundreds of billions in new taxes
Put another way, the credit wouldn't even cover the tab for two at Hawaii's Vintage Cave restaurant where the president and first lady dined on New Year's Day. It costs $295 per person, and doesn't even include wine.
What possible use is this man? He's no military genius for sure! He's surely no economist. He has created chaos and destruction with everything he touches around the globe.
I think he's going to run for president of Cuba?
It’s the Jonathan Gruber rule: tell the people things that sound good but are not feasible or are literally ineffective to the problem, and then lie, lie, lie about how it is good for them.
And you can keep your childcare deduction. Period.
Please pass the foie gras.
He’s a big tipper too!
He is going to go to some arab country and try to be made secretary general of the UN
Not with his own money, I bet you
At that rate, the $500 credit wouldn’t cover two weeks of infant care. For a four-year-old, the costs can reach $12,280, or $236 a week, meaning the credit would just cover two weeks of fees.
Now for reality: Because of the economy being so bad (it is regardless of the the WH and MSM tell you) and your kids can now live with until their 26 thanks to Obamacare imagine what that real cost would be... far more than $236 a week.
1. Smoked brioche with golden Osetra caviar, creme fraiche, marcona almonds
2. Caramel popcorn with habanero and caviar
3. The Ocean- 7 pieces of wonderful ocean goodness
4. Salmon roe with potato purée
5. Charred Hirabara cabbage with anchovy boullion
6. Amaebi
7. Agnolotti with spinach, artichoke and pork belly
8. Brioche - same as #1
9. Jidori egg yolk with truffle
10. Foie gras mousse
11. Smoked duck pastrami sandwiches
12. Chicken glazed onaga
13. Snake river Farms wagyu beef with sancho peppercorn sauce and white Asparagus
14. Intermezzo melon sorbet
15. Yogurt mousse with compressed plum and candied ume with raspberry vinaigrette
16. Petit fours
Let's just say Moochelle doesn't have to eat the same crap she forces on hungry school kids.
This is a gift for all the homosexuals to marry now and get their credit and hwo pays for this crap, oh yea the workers who pay tax.
I don’t even know half of that food.
We eat more like fries, egg and tinned peas as that is all we can afford.
” $295 prix fixe menu.”
I’ll keep my 300, thank you : )
“Let’s just say Moochelle doesn’t have to eat the same crap she forces on hungry school kids.”
Aren’t rich people disgusting?
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