Bloomberg reports that Ivanka Trump proposed a child care tax benefit to members of the House and Senate last week. The plan is similar to the outline President Trump released in September: It would basically allow individuals earning less than $250,000 a year (or couples earning less than $500,000) to deduct the cost of child care expenses from their income taxes. However, the benefit—which would cost as much as $500 billion over a decade—may have trouble finding support in Congress.
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