RE: Trump, Donald and Ivanka Child Care Platform (VANITY)

Pollard

[Pollard]

Just realized something. Donald and Ivanka made the announcements months ago about this. We just missed it.

First, he called Ivanka, "My secret weapon", then she said at the RNC Convention, Equal Pay, Child Care.

It's been said many times, he must win big to overcome election fraud and everything up until then. MSM

Wolman Rink and the new DC Hotel are proof that he won't be costing taxpayers any more money.

AND It's a (tax revenue producer) Pro life platform/benefit. Non tax revenue producers already get this stuff free. (Who's he doing bad with? Female and female pro life producers)

Arguably, it could prevent some people from becoming producers from becoming non producers and could bring some reluctant non producers back to the producer side.

He already knew he was going to do bad with a certain group. Small conciliation for big returns. Art of the deal.

The most I've ever made is $43,000 so I'm not sure what the $500,000 limit is about. Maybe Trump speculating that the things he does could possibly create a bit of hyperinflation/market fluctuations? Just planning for the future?

I don't know squat about global economics but if he tries to right some wrongs like the "too big to fail" bs, who knows what'll happen.

[Alberta's Child]

I don't like using the tax code to push an agenda (I'm a big fan of the flat tax), but I'm OK with this proposal. It's a political winner for two reasons:

1. Nobody is going to come out against it.

2. Congress is never going to pass it, so Trump will never be in a position to sign it.

[ifinnegan]

I’m not sure what you’re trying to say, really.

But I give you credit for trying.

This subject seems to be toxic and no one wants to talk about it.

[Timpanagos1]

Are there any other federal mandates you would like to see imposed on business owners?

[Fungi]

Another entitlement. Let them do it on the private level, not through government. Ivanka needs to campaign in person, not through this worthless crap. Another law, as if we do not have enough?

[laplata]

This subject seems to be toxic and no one wants to talk about it.

---

You’re right.

[mia]

I have not read the platform he is presenting. If he is making it easier for women to stay home to care for their children, I’m all for it. If he’s going to give families tax credits for private school education, I’m all for it. If he is going to make it easier for children to attend charter school, I’m all for it. If he is going to give working mothers a tax deduction for childcare, I’m all for it.

We are taxed to death and families are the ones who have been hurt the most. There are ways to make this affordable for everyone. But, first I’d like to read what he is presenting.

[fireman15]

Whenever super rich people come up with ideas to help average people they come up with nonsense... basically every time. We certainly do not need another entitlement to be paid for by small business.

[bigbob]

If Trump can’t get elected, its President Hillary, Joe, Tim, or Fauxohantas. Just remember that.

[mrsmith]

LOL!

Yeah, it’s electoral sausage-making. Not a pretty sight.

[Army Air Corps]

Hillary is about half a step above being an animated meat puppet. She is danged near a zombie at this point.

[Maelstorm]

I watched the speech and while I’m not usually in favor of adding more requirements for employers I do like the idea of tax credits. Anytime people get to keep more of their own money to take care of themselves and those they love I’m for it. I think using the existing unemployment fund to support this idea is a good approach and with the right limits it should work out. The big problem we’ve had is Obama has abused the unemployment system by extending unemployment beyond anything reasonable. I’d like to see unemployment be something that is tied to individuals where they accrue it and can use it up to the maximum contributed on their behalf by their employer but that is another topic altogether. I’ve never used unemployment in my entire life something that I’m thankful for.

[magna carta]

its obvious he will get rid of crap and crack down on fraud then he can slide in this program to give families a boost. If this is what it takes to give Trump a liberal outlet I’d say we are getting off pretty easy.

[MinuteGal]

A well thought-out political move by the Trump campaign.

The issue will resonate with undecided women and minorities, but will never be passed to any extent by Congress....and the campaign brain trust knows it. So let's relax.

In the meantime, he snatched the issue right out from under the missing Hitlery, leaving her grasping and gasping for air as she bemoans the fact that this was HER issue.

Leni

[Bratch]

Outline of Donald Trump’s Family Child/Elder Care Proposal…

Posted on September 13, 2016 by sundance

 

Today in Aston Pennsylvania candidate Donald Trump outlined an innovative plan to bring federal tax policies in line with the needs of today’s families.  The plan is not for the wealthy, but rather specifically targeted to provide the biggest benefit to working and middle-class families.

According to the proposal, the plan is needed because child care expenses are now one of the largest expenses in many families.  This complicates a family’s decision on how to care for young children.

The Trump tax reforms and policy proposals will allow a family to make the choice of whether a parent should work outside the home or not without bias from the tax code. Having employed and empowered thousands of women at every level throughout his entire career, Donald Trump understands the needs of the modern workforce.

Here’s a summary of the outline:

Proposals Contained In Mr. Trump Child Care Plan

PROPOSAL #1 : The Trump plan will rewrite the tax code to allow working parents to deduct from their income taxes child care expenses for up to four children and elderly dependents.

• The deduction is available for taxpayers who take the standard deduction as well as itemize deductions, and will be capped at the average cost of care for the state of residence. Individuals earning more than $250,000 (or $500,000 if filing jointly) will not be eligible for the deduction. For a family earning $70,000 per year in the 12 percent tax bracket with $7,000 in child care expenses, the deduction would reduce taxes by $840 per year.

• The plan will offer child care spending rebates to lower-income taxpayers through the existing Earned Income Tax Credit (EITC). This could mean almost $1,200 per year per eligible family.

• Mr. Trump’s plan will ensure stay-at-home parents will receive the same tax deduction as working parents, offering compensation for the job they’re already doing, and allowing them to choose the child care scenario that’s in their best interest.

PROPOSAL #2 : The Trump plan would create new Dependent Care Savings Accounts (DCSAs) so that families can set aside extra money to foster their children’s development and offset elder care for their parents or adult dependents.

These new accounts are available to everyone, and allow both tax-deductible contributions and tax-free appreciation year-to-year-unlike current law Dependent Care Flexible Spending Accounts (FSAs), which are available only if it is offered by an employer and does not allow balances to accumulate.

• When established for a minor, funds from a DCSA can be applied to traditional child care, after-school enrichment programs and school tuition-contributing to school choice. To help lower-income parents, the government will match half of the first $1,000 deposited per year.

• When established for an elderly dependent, a DCSA can cover a variety of services, including in-home nursing and long-term care.

PROPOSAL #3 : Mr. Trump’s plan will provide regulatory reform to promote new family-based and community-based solutions, and also add incentives for employers to provide child care at the workplace. The ability to set aside funds will be particularly helpful to women, low-income workers and minorities, who are statistically more likely to reduce time working outside the home in order to provide unpaid care.

PROPOSAL #4 : The Trump plan will guarantee six weeks of paid maternity leave by amending the existing unemployment insurance (UI) that companies are required to carry. The benefit would apply only when employers don’t offer paid maternity leave, and would be paid for by offsetting reductions in the program so that taxes are not raised. This enhancement will triple the average paid leave received by new mothers.

 

Frequently Asked Questions About The Trump Child Care Plan

Q: How Will The Plan Be Paid For?

• The child care plan is part of the comprehensive tax, trade, energy and regulation reform plan proposed by Donald Trump at the Detroit Economic Club. More details about his tax plan will be discussed later this week at the New York Economic Club. The child care plan itself can more than be offset by additional growth. About two-thirds of the entire Trump tax reform program will offset by the increases in economic activity that accompany pro-growth tax reform, better trade deals, regulatory and immigration reform, and unleashing American energy. The remaining one-third will be offset by minor changes in the current trajectory of spending for federal agency operations, excluding Defense, Veterans, Social Security and Medicare.

Q: Will The Benefits Already Provided For Child Care Expenses, Like The Dependent Care Flexible Spending Account And Child Tax Credit, Be Eliminated Under The Trump Plan?

• No, the benefits provided by the Trump child care plan are in addition to the benefits available under current law. Current programs do not serve the large numbers of families that would benefit from the Trump plan, but if a family finds that it benefits more from existing programs, they would still be available. The only restriction would be that the same child care spending cannot be used for multiple benefits programs—no double-dipping.

Q: Will Same-Sex Couples Receive The Benefits?

• The benefits would be available in the same way that the IRS currently recognizes same-sex couples: if the marriage is recognized under state law, then it is recognized under federal law.

Q: Will The Maternity Leave Policy Cause Employers To View Women As Less Desirable Employees Because Of Paid Leave?

• No. The cost to an employer of hiring should not be affected by this fully-offset policy, so the employer should not view hiring women as adding to their costs of Unemployment Insurance. Further, employers in a competitive marketplace should not eliminate existing maternity care benefits to instead take advantage of the UI system. The UI benefit would only equal what would be paid to a laid-off employee, which is much less than a workers’ regular paycheck. This should prevent abuse while providing a safety net for the sake of the health of mother and child.

Donald J. Trump’s Plan Is More Complete Than Hillary Clinton’s Plan

Point One: Hillary Clinton does not have a plan to provide relief to most Americans faced with high child care costs. She claims she wants to cap a family’s child care expense at 10 percent of income, but provides no details. The Trump plan would provide relief to every working- and middle-income earner who has child care expenses. For example, the Trump plan would reduce taxes by $840 per year a family for earning $70,000 per year in the 12 percent tax bracket with $7,000 in child care expenses; Hillary Clinton’s plan would provide no relief to this family.

Point Two: Hillary Clinton prefers institutional child care that does not meet the needs of workers in rural areas or who have schedules that require working on a night shift or on call. The Trump plan would give states the flexibility to establish standards that fit the needs of state residents without compromising quality.

Point Three: Hillary Clinton would force businesses to pay for 12 weeks of fully-paid family leave at their expense. The Trump plan proposes 6 weeks of partial pay through the existing Unemployment Insurance system, fully paid for within the program.

 

[Pinkbell]

Daily Mail saying this:

Trump childcare proposal will extend tax benefits to SAME-SEX parents in move that may make evangelicals uneasy

Read more: http://www.dailymail.co.uk/news/article-3788213/Trojan-horse-Trump-childcare-proposal-extend-tax-benefits-sex-couples-makes-evangelicals-uneasy.html#ixzz4KCSwn3NF
Follow us: @MailOnline on Twitter | DailyMail on Facebook

It seems they would have to legally as long as gay marriage is legal:

‘The benefits would be available in the same way that the IRS currently recognizes same-sex couples: if the marriage is recognized under state law, then it is recognized under federal law,’ the answer reads.

[HarleyLady27]

I think your right...I just love that Trump is a year ahead of his opponent...

But the plan does sound good to me, so many women have had to leave the work force because to have child care, it takes their whole check...

And the single mothers, so hard on them...and then there are the kids trying to take care of the parents...

I can’t wait for a Trump Presidency!!!

[nopardons]

You left out one more important item.....it's something to win over the idiot suburban women, who fell for the crap that he is a misogynist and hates women. And in that respect, it's a genius ploy!

The Dems have played the morons, FOR MANY DECADES, promising FREE STUFF FOR ALL....most of which never materialize3s, once the votes are in.

OTOH, we all HATE that garbage, but as far as I'm concerned, he needs to win this election and I don't care HOW he does it, as long as once he is elected, he governs the way he has pledged to, from the beginning of this.

[nopardons]

That stuff is supposedly ALL in this plan.

[nopardons]

Please see my post #18. :-)