For the sake of argument, let's say that is a mutual working relationship. How does that solve the problem for a working parent when:
Why is there a prediction that so many will be out of work? That would be dire in most family budgets, which are not designed to live on a single income.
But you voted to do all those things.The left wants the govt (me) to pay to have their unwanted children aborted, and, they want the govt (me) to pay for their IVF, and, they want the govt (me) to pay to raise their children, and, they want the govt (me) to pay for their childrens' education.
According to the left, it takes a village (me) to raise a child.
I expect mostly informal and improvised arrangements for a while, especially in small towns. Grandparents living too far away from grandkids can look for other parents who need help, or they can move closer to have something worth doing with their lives, and as they become too old to work and need the financial support of extended families. Retirement may become a forgotten luxury as inflation eats savings. Seniors with valuable skills will draw interested parents and kids. That may eventually become formalized as apprenticeships in the next few decades or centuries.
He leaves the basement on occasion. He’s a part time Uber driver.Everybody dies it. If you ever left your mom's basement, you could too. Just a quick peek, ya know.
He is indirectly and partly right. We can resume making our own products or we can stop having an economy as the white collar jobs mostly disappear. An unemployed broke nation won't be spending much on childcare. There is much more to do than just tariffs, but that is a necessary first step.
I still can't see how tariffs will positively affect child care. If Trump puts tariffs on imports, other countries will retaliate in kind. Trump won't care, it won't affect his government. American businesses will pay more for imported goods, and will pass along the cost of higher-cost tariffed imports to consumers. Consumers will pay more out of pocket for purchases...and this is supposed to help defer day care costs?
The trade imbalance is severe. The USA doesn't export enough of anything that we need to worry about other nations' tariffs. Rising energy costs will eventually stop most global trade. Rebuilding the domestic economy of making our own products is much easier to start now than later when there the energy crunch is much more severe. And parents need jobs with living wages to afford anything in raising kids. They need careers, not shit jobs at Walmart, the current leader in wrecking the US economy by selling cheap imported crap and killing small businesses.
Trump's first term focused on tariffs with mixed results. So, we should be concerned if he relies on them as the lynchpin in his economic policy approach. Do you recall what happened then?
They won't get that there. It will eventually die, like all corporate megastore chains, but Trump openly attacking Walmart would be a positive sign. Proprietors in the small businesses that Walmart destroyed had livable incomes, and will have them again after Walmart dies.
Oh boy do I disagree with you here!
Trump's ill-advised ham-fisted attempt at tariffs misfired spectacularly.
What's the likelihood of that happening? Trump is for mega-stuff, as in big corporations and big pharma manufacturing. As long as they give him campaign money, he is as happy as a pig wallowing in mud. His trickle-down mentality dovetails with Walmarts business model.
Thank you! The farmers were hit hard and the Forbes article lays out how much the ill-fated Trump tariff policy impacted all the other government agencies as well. I hadn't see that article. It is an excellent read.Oh boy do I disagree with you here!
The Foxconn deal was the epitome of "Optics over Reality". Foxconn got a juicy subsidy from Trump, Trump got his photo op, then Foxconn engaged in a "death by 1000 cuts" downsizing until in the end they did the barest of minimum to retain the subsidy while basically creating something like one percent of promised jobs.
Meanwhile, China retaliated against Trump's idiotic tariffs with a "surgical strike" that targeted Trump voters in redstate America. Realizing that soybean farmers in particular supported Trump, China created enormous tariffs on imported soybeans from America, which should have crippled soybean production in the USA. Instead, Trump got Congress to "protect our family farms" and give cash directly to soybean farmers to make up for the income lost. Billy Bob Farmer didn't even have to go out into the fields no more, which gave him and the missus more time to enjoy Fox daytime programming. Trump essentially turned an entire industry from capitalist to socialist in four years.
Fun Vettefact: Trump's payment to farmers was $28 billion-with-a-B dollars. The entire Navy shipbuilding expenditure during this time was $22 billion dollars. Yet the RWCJ blames Democrats for not having enough money to "fund a Navy".
And the soybean drama is a gift that keeps on giving. China used their tariff to push other countries to create their own soybean export programs....and boy howdy did they ever. China did not buy a single imported soybean until earlier this year (2024), meaning other countries had a unique seven year window to develop an entirely new export base at the expense of the United States of America's Trump folly.
Here is a link to that commie rag Forbes detailing Trump's incompetence (which certain MAGA assets here....possibly subsidized by Russia...will disagree because it conflicts with their preconceived biases)
What do you favor as alternatives?
The big stores and Amazon will will fail because they need cheap energy for global freight.
For child care, a tax credit that phases out around the median income for married couples. Probably somewhere around $75K and $100K. Keep it targeted to lower income couples. I don’t agree with Harris and Vance that it should be available regardless of income.
I ran some spreadsheet scenarios with your figures and used Labor stats along with good ol’ David Ramsey, a famous money guy who helps people get out of debt, and the numbers on budgets for a middle-class family income. What I found was that your income ranges were too stringent and not useful in helping many middle-income families still outside your upper limit. It seems that a higher level of income cutoff is needed. I would offer this as a counter-proposal to benefit a higher wage group and introduce a Child and Dependent Care Credit that gradually phases out based on household income that might meet your original idea.
I don’t have any issue with the structure but the credit amounts are phase our thresholds are high. Would have to see how much it costs and how it would be paid for. With regards to indexing the credit to inflation, I’d go along with that if it was coupled with indexing capital gains and the capital gains tax exemption to inflation.
