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.
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."
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