Finally, more affluent households spend more on child care anyway, so they could deduct more from their income under Trump's plan. Experts on child care are skeptical, though. "Combined with Mr. Trump’s tax plan, his child-care plan just makes his overall fiscal policy that much more irresponsible," Strain said. Second, even those that do pay income taxes generally opt to take the standard deduction from their income, rather than itemizing expenses like child care. "My plan will also help reduce the cost of child care by allowing parents to fully deduct the average cost of child-care spending from their taxes," Trump said.

Source: Washington Post August 08, 2016 18:01 UTC