6 ms·

Or you could just give the tax break to the parents instead of creating another corporate tax loophole that will most likely be abused.

JamesBarney 3y ago
You could, either works.
- hot_gril 3y ago
  Neither way really impacts fertility rate if that's the goal. Many countries, esp in west and north Europe, have already found out that you can't pay people to have kids.
  - deleted 3y ago
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  - deleted 3y ago
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ytdytvhxgydvhh 3y ago
Individual parents aren’t generally in a position to open a daycare and make a meaningful difference in the supply of childcare. Employers may be able to do so.
- throwaway6734 3y ago
  give the parents the money and let them decide what to do with it
  - RhysU 3y ago
    All day cares will suddenly increase in price to the tune of the tax break.
- ndriscoll 3y ago
  BLS data[0] indicate over 30% of married couples with children have a stay-at-home parent, and census data[1] indicate over 20% of childcare is provided by a non-parent relative. So family providing care is quite normal and close to the majority of the supply of childcare. [0] https://www.bls.gov/news.release/famee.t04.htm https://www.bls.gov/news.release/famee.t04.htm [1] https://www.census.gov/library/stories/2023/11/child-care.html https://www.census.gov/library/stories/2023/11/child-care.ht...
dgfitz 3y ago
Or throw away the entire bullshit that is the US tax code and start over.
acdha 3y ago
A tax break only helps people who are paying enough in taxes for it to matter and when it’s well calibrated to match what daycare costs. It would generally be better for the government to provide daycare because they have much better scale and consistency on funding, employment – daycare employees are notoriously underpaid because it’s such a high overhead business – and especially real estate. Using state buildings and getting the workers on healthcare plans which have better economies of scale would be a lot more sustainable economically than having a bunch of small businesses with far less leverage trying to do it on a smaller scale.
- loeg 3y ago
  > A tax break only helps people who are paying enough in taxes for it to matter No, tax deductions help higher rate taxpayers more, but "tax breaks" is a more broad/relaxed term that includes tax credits. Tax credits benefit everyone who files taxes and meets the criteria for the credit. > It would generally be better for the government to provide daycare Eh, that is kind of a wholly different argument. In some ways the credit is obviously better (maybe it frees up one partner who wants to to stay-at-home parent), and it can be used more flexibly than a government-provided care program, even if you assume arguendo that the government program would be good and/or good value.
  - acdha 3y ago
    If you’re going to be that pedantic, be sure to specify that you mean refundable tax credits – and then perhaps acknowledge the second half of the compound statement you’re replying to.

JamesBarney 3y ago

You could, either works.

hot_gril 3y ago
Neither way really impacts fertility rate if that's the goal. Many countries, esp in west and north Europe, have already found out that you can't pay people to have kids.
- deleted 3y ago
  [deleted]
- deleted 3y ago
  [deleted]

ytdytvhxgydvhh 3y ago

Individual parents aren’t generally in a position to open a daycare and make a meaningful difference in the supply of childcare. Employers may be able to do so.

throwaway6734 3y ago
give the parents the money and let them decide what to do with it
- RhysU 3y ago
  All day cares will suddenly increase in price to the tune of the tax break.
ndriscoll 3y ago
BLS data[0] indicate over 30% of married couples with children have a stay-at-home parent, and census data[1] indicate over 20% of childcare is provided by a non-parent relative. So family providing care is quite normal and close to the majority of the supply of childcare. [0] https://www.bls.gov/news.release/famee.t04.htm https://www.bls.gov/news.release/famee.t04.htm [1] https://www.census.gov/library/stories/2023/11/child-care.html https://www.census.gov/library/stories/2023/11/child-care.ht...

dgfitz 3y ago

Or throw away the entire bullshit that is the US tax code and start over.

acdha 3y ago

A tax break only helps people who are paying enough in taxes for it to matter and when it’s well calibrated to match what daycare costs. It would generally be better for the government to provide daycare because they have much better scale and consistency on funding, employment – daycare employees are notoriously underpaid because it’s such a high overhead business – and especially real estate. Using state buildings and getting the workers on healthcare plans which have better economies of scale would be a lot more sustainable economically than having a bunch of small businesses with far less leverage trying to do it on a smaller scale.

loeg 3y ago
> A tax break only helps people who are paying enough in taxes for it to matter No, tax deductions help higher rate taxpayers more, but "tax breaks" is a more broad/relaxed term that includes tax credits. Tax credits benefit everyone who files taxes and meets the criteria for the credit. > It would generally be better for the government to provide daycare Eh, that is kind of a wholly different argument. In some ways the credit is obviously better (maybe it frees up one partner who wants to to stay-at-home parent), and it can be used more flexibly than a government-provided care program, even if you assume arguendo that the government program would be good and/or good value.
- acdha 3y ago
  If you’re going to be that pedantic, be sure to specify that you mean refundable tax credits – and then perhaps acknowledge the second half of the compound statement you’re replying to.