The initiative, which Clinton will formally unveil Tuesday, is pretty straightforward. She would double the size of the child tax credit, an existing break for both low- and middle-income families, then tweak its design so that it provides more relief to some of the poorest families in America.
The initiative is part of a broader agenda to update America’s social welfare state, in order to accommodate a profound change in society over the last few decades ― the mass entry of women into the workforce, and resulting disruption to traditional childrearing arrangements.
Clinton’s expansion of the child tax credit would increase its maximum value from $1,000 to $2,000 per child.
This is pretty much the opposite of the approach that Donald Trump has taken with his tax policy in general, and his child care proposals in particular. Over the summer, Trump proposed a new tax deduction for child care expenses. But deductions are worth a lot more to people in higher income tax brackets ― and worth nothing at all to people too poor to pay income taxes.
Trump’s child care plan also includes a subsidy for low-income families, but it would be worth a maximum of $1,200 per family, regardless of the number of children.