Is It Too Hard to Afford a Child?
Posted at 8 a.m. on Aug. 20
As Congress quietly discusses a broad overhaul of the complex web of tax credits, Reihan Salam points out one credit that should be protected and expanded: “the tax credit for children.”
“Yet it too should be seen not as a break but as another partial corrective to a bias in federal policy — a bias against the investment we call parenting… Making financial sacrifices to raise children is a substantial contribution to the health of entitlement programs… The more kids a taxpaying family raises, the more others are free-riding off its investments.”
“The strong federal bias against having children is something of an accident: We would never have adopted it as an explicit policy. It’s also something we can rectify.”
Jessica Grose looks at how the costs of child care are “crushing parents across the country.”
“Children are going to be born to Americans who are not wealthy. This is a fact. Those children need to be cared for, for their own good and the good of society—another fact… parents pay about 60 percent of child care costs, the government pays about 39 percent through tax credits or directly subsidizing child care, and the private sector pays less than 1 percent. That’s a calculus that has to change.”