Re-Blogged From http://www.AEI.org By W. Bradford Wilcox
Guess which kind of family was left out in the cold by President Obama as he unveiled his plan to help middle-class families in his State of the Union address? The traditional two-parent family with a single breadwinner.
The president pitched his plan as part of an agenda in which “everyone gets their fair shot, everyone does their fair share, and everyone plays by the same set of rules” in part by “lowering the taxes of working families and putting thousands of dollars back into their pockets each year.” But by design or omission, his plan does virtually nothing for married families with a parent at home, usually the mother.
The president’s plan would triple the existing child-care tax credit to $3,000 for two-earner families with children under 5 and a combined income of less than $120,000, and it would establish a new $500 credit for families in which both spouses work. The plan would provide tax relief—which would no doubt help with the cost of child care, commuting, etc.—to middle-class families with both parents in the workforce. But families who choose to have a parent at home would see none of this tax relief.