Tax Credit Promised by Obama Just Politics As Usual?

This is just more politics of trotting out a worthless carrot for the unaware or ignorant to make a grab but the strings attached by Mr Obama will hang it away before people will be able to accept it's false premises of helping 'middle class' families with financial burdens.

It's just like the free college nonsense that Mr Obama has dumped on the public, everyone must have a college education and not have to worry about the money to pay for it. But wait, nothing is free ands never has been, still millions are happy to accept the free stuff never thinking someone in the end will have to pay the bill. The tax credit is the same ideology, promises made to fool a distracted voting public.

Obama Tax Credit Would Do Little to Help Families
Source: Paul Bedard, "Obama's 'two-earner' tax credit wouldn't cover two weeks of infant care or commuter costs," Washington Examiner, January 20, 2015.

January 21, 2015

President Obama is proposing to give families with two earners a $500 tax credit, the idea being that it will "help cover the additional costs faced by families in which both spouses work."

But will it actually help? Paul Bedard of the Washington Examiner is skeptical. The "additional costs" faced by two working parents tend to be commuting costs and child care expenses, but Bedard contends the tax credit -- which the president says will benefit 24 million couples -- will do little to help families:

• According to a 2014 report from Child Care Aware of America, infant child care can cost $279 weekly.
• Based on that report, a $500 credit would not even cover two weeks of infant care.
• Similarly, just two weeks of transportation costs in Columbus, Ohio, averages to $538, according to the Center for Neighborhood Technology -- more than the amount of the credit.

Bedard notes that families with incomes below $120,000 will receive a full credit, and families with incomes of up to $210,000 will be eligible for a partial credit.