What if we made this lost year up to parents with a tax break?
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Anonymous
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The financial and mental health strain of the last year has been severe for our family, largely due to the loss of both school and childcare. I know we are far from alone.
I think we should consider giving a semi-permanent tax break to families under a certain threshold amount (I feel like 75k/150k for single/dual income households with children would be about right) to help them recover from this. They could use it for tutoring, mental health services, recouping moving costs if they had to relocate during the pandemic, replenishing savings they had to spend on childcare, etc. Again, semi-permanent, maybe it could expire in 5 years (longer if the current situation continues for another year or more). Not sure of the amount, but I think it needs to be substantial. It should be paired with a tax hike on the people who suffered least during the pandemic (the wealthy). Yep, it's redistribution. But for the last year, the pain of this pandemic has been distributed primarily onto working families. I think we should be compensated for that burden, and I think the people who run and own the business we work for, who stand to benefit from the work are putting into raising kids who will one day be part of that capitalism machine, who have profited off our pain, should pay for it. |
Anonymous
Anonymous
| I'm for across the board breaks... your specific suggestion will have childless folks up in arms. Do they get a tax break for doing extra work this year living in their tiny apartments? Just saying. |
Anonymous
Why are they doing extra work in their tiny apartments? I don't understand. If there is some specific way that childless people are being burdened during the pandemic, I'm all for relief to them. I just don't know what it is they are doing or what they need help with. |
Anonymous
That's amazing, and just what I was talking about. Thank you for sharing! I hope this passes. |
Anonymous
I see the proposal discussed in the post as geared toward helping children, who have really been the victims of this crap situation, especially those whose parents are struggling financially. |
Anonymous
This is way better than a tax break, since a tax break helps only those who make enough money to pay taxes. I hope it passes! |
Anonymous
DP but I very much agree. And a much better use of political capital than student loan forgiveness nonsense. |
Anonymous
| Since you are employed, how exactly are your “burdened “? Keep dreaming. |
Anonymous
OP here, and that's a great point. It's similar to programs I have seen in other countries, which are also meant to explicitly address childhood poverty, and ensure that kids have food, clothes, shoes that fit, etc. no matter what. I think it's great. |
Anonymous
| You sound really entitled. Don’t have more kids. |
Anonymous
"Lololololol," said millions of working parents who do not make enough to afford childcare but also have to keep doing their jobs everyday while their kids aren't in schools, so that everyone can eat and remain in their home, and somehow this is just continuing indefinitely with no relief. |
Anonymous
Ok. You sound really entitled, too. Let's rip out the roads and bridges and destroy the monetary system and eliminate the FDA and the FAA and the IRS. People who need "help" from the government are weak. Figure it out! It's not that hard. 
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Anonymous
You sound like a moldy potato. |
Anonymous
Curious if you hope to get social security someday? |