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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 b
by 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 agoIf 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.