Ivanka Trump Meets With Congress to Pretend That Her Father Cares About Children

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Bloomberg reports on Ivanka Trump’s first foray into policymaking:

Members of the House and Senate met with the president’s eldest daughter in the Roosevelt Room at the White House last week to discuss her proposed child care tax benefit, according to a person with knowledge of the meeting….It’s not clear whether Ivanka Trump is finding much appetite on Capitol Hill for her proposal. A deduction for child care expenses is both costly and regressive because it would favor wealthier families with two working parents. The deduction would cost the federal government $500 billion in revenue over a decade, according to an estimate by the Tax Foundation, a politically conservative, nonprofit research group.

Let’s see. It would cost $500 billion and fund a touchy-feely welfare program. On the bright side, it would benefit wealthy families more than the poor. Decisions, decisions….

As for the regressiveness, here’s a quick stylized example for a plan that allows, say, a deduction of up to $5,000 for child care expenses:

  • Income of $500,000, tax bracket = 39.6 percent, total value of deduction = $1,980
  • Income of $70,000, tax bracket = 15 percent, total value of deduction = $750
  • Income of $25,000, tax bracket doesn’t matter because you’re not paying any income taxes, total value of deduction = $0.

Everybody in the world with even a passing knowledge of tax policy is well aware of all this. Tax deductions are next to useless for the working and middle classes. That’s why anyone who actually wants to help the non-rich proposes tax credits with a fairly low income cap.

In other words, this is typical Trump. Launch Ivanka onto Capitol Hill with a high-profile proposal and get plenty of good PR for it. But the proposal itself does little for the working class, and Congress won’t pass it anyway. I think I should start keeping a list of Trump proposals that fit this model.

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We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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