Child care is a hot-button issue in California, where Democratic presidential candidate Kamala Harris says she wants to triple the Earned Income Tax Credit for working families to $3,600 per child, the San Jose Mercury News reports.
The credit, which was increased to $3,600 from $2,000 in 2016, is meant to help low-income families pay for childcare.
"While not exclusive to child care, this tax credit puts more funds into the pockets of American families which could help offset the high cost of care," Harris says.
"We've seen this happen before during the pandemic, when the credit was boosted from $2,000 to $3,600 per child in 2021 and resulted in an all-time low child poverty rate."
The refundable credit, which can be claimed on any income up to $26,800 for a family of four, is meant to help low-income families pay for unexpected expenses like unexpected medical bills, car repairs, or unexpected home repairs, the Los Angeles Times reports.
Harris says she wants to cap child care costs at 7% of a family's income, which the Department of Health and Human Services defines as "costing no more than 7% of a family's household income in 2016.
At that time, 54% of families were already spending 10% of their income or more on child
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