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Tuesday, January 26, 2010

SFGate: Politics Blog : Boxer, pushing bigger child-care tax credit, gets boost from Obama

SFGate: Politics Blog : Boxer, pushing bigger child-care tax credit, gets boost from Obama
President Obama today called for a more generous child-care tax credit for middle class American families, giving new hope to a proposal being pushed by Sens. Barbara Boxer of California and Kirsten Gillibrand of New York.

Commerce Secretary Gary Locke, Sen. Barbara Boxer, and Los Angeles Mayor Antonio Villaraigosa talk to Kamora Bull at the Community Centers Inc. child care center in LA on Jan. 13. (AP photo)
Obama today proposed nearly doubling the federal child care tax credit for families earning less than $85,000 and increasing it for families making less than $115,000.
The president's plan is likely to jump-start legislation authored by the Democratic senators called "the Right Start Child Care and Education Act."
Raising the child-care credit would provide "much-needed tax relief for working families," said Boxer. "This is particularly important in this tough economy, where child-care costs are rising twice as fast as household incomes."


Read more: http://www.sfgate.com/cgi-bin/blogs/nov05election/detail?entry_id=55974#ixzz0dix9DYNo