Hillary can't be trusted

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Unclebaldrick

Unclebaldrick

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bravedave said:
Nobody around to read it to you?
No, more about her bad judgement in dealing with it. She obviously cannot be trusted.
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Ok, just checking that you understood.

I don't disagree. But it doesn't take a wizard to see that.

But I am going to deflect it - because this is what you do during an election where the choice is (realistically) binary. TRUMP! needs to show his taxes. It is important to his credibility. This "audit" dodge is a complete fabrication. TRUMP!'s taxes would show what a complete fraud he is. Fraud from the ground up. And you are buying into it. I guess those dog whistles are really hard to resist.
 
Flaming Pie

Flaming Pie

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Trump’s plan focuses on using the tax code to help new parents to allow them to deduct both childcare expenses and elderly dependent expenses for up to four total dependents from their income taxes. Trump aides say the tax deduction is available for taxpayers who take the standard deduction and is capped at the average cost of care for the state of residence, but those in the upper echelon, making more than $250,000—or $500,000 if filing jointly—per year will not be eligible for it. It will also offer as much as $1,200 per year per eligible family in child care spending rebates through the Earned Income Tax Credit (EITC). Stay-at-home parents and working parents will both be eligible for the same tax deductions.

In addition, as the policy team for Trump laid out for reporters on Tuesday morning, Trump’s plan would create Dependent Care Savings Accounts (DCSAs)—as opposed to Dependent Care Flexible Savings Accounts (FSAs) in current law—that would be available to everyone. FSAs in current law are only available to people if offered by an employer, and they do not allow balances to accumulate or roll over. Trump’s DCSAs would offer both tax-deductible contributions and tax-free year-to-year appreciation, while also being available to everyone. The accounts allow for people to set aside extra money to pay for both childcare and for care of elderly dependents.

When helping children, the Trump team notes, it can be applied to traditional childcare, after-school programs and help with school tuition—in addition to Trump’s school choice program. For lower-income parents, Trump’s team notes, the government will match half of the first $1,000 deposited in the account per year. When used for helping elderly dependents, Trump’s team notes that the DSCA accounts can be used for covering a variety of services including in-home nursing and long-term care.
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Your move, hillary. If you can.
 
Fogdog

Fogdog

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Flaming Pie said:
Your move, hillary. If you can.
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Feedback on Trump's child care plan: It's not a conservative plan. It throws bones mostly to people who make much more than average income but has some good elements for many low income families, such as:

additional spending rebates through the Earned Income Tax Credit, expanded deduction opportunities for stay-at-home parents, and revised federal savings accounts to set aside funds for child development and educational needs.

Another policy proposal will be guaranteeing “six weeks of paid maternity leave” through an amendment of current unemployment insurance policies.

Some snark: "Trump aide says 6 weeks of guaranteed paid maternity leave will be paid for by eliminating fraud in unemployment insurance. I don't think I probably need to tell you that the math involved here is absolute horsecrap."
from: http://www.redstate.com/leon_h_wolf/2016/09/13/trumps-child-care-plan-latest-cheap-joke-slapstick-comedy-2016/

Who doesn't like a juicy deduction for something that has to be paid for anyway? An example of a bone thrown to people who are well off financially.

Trump’s 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.” That deduction would be capped at the “average cost of care” in the state of residence, and it would not be available to individuals earning more than $250,000 or a couple earning more than $500,000.
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On the not so good side:
Tax deductions don't help people who have low income. I know that families making more than $100k are feeling pressed but really, the child care deduction and expanded deductions for federal savings accounts for college is bacon to pander to fairly well off families. Donald's tax plan doesn't pay for his tax cuts. Any benefit from these tax deductions is not worth adding to the national debt. This measure is a net loss to the country.

Also the income tax credit would only be helpful for low income families where one parent works and another stays home. Benedict Donald's plan does nothing to help low income single mothers. Along with families that bring in a substantial income I'd like to see something that helps low income single mothers pay for child care .

What's good in this plan:
Financial aid going families with low income where one spouse (or SO) stays at home presumably to raise their kids gets no complaints from me. It is basically welfare payments in the form of a tax credit. The earned income tax credit is a clumsy instrument for distributing that aid. But, OK, if this method for redistributing wealth to help low income families is the only one that can make it through a hostile republican audience in Congress then so be it.

Also, six weeks paid maternity leave for every working mother gets no complaints either. I'll let the site conservatives to pan this measure.
 
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