Parents rejoice! Donald Trump’s economic plan makes childcare expenses tax-deductible while eliminating the ‘death tax’

Thursday, August 11, 2016
By Paul Martin

by: J. D. Heyes
Thursday, August 11, 2016

In a speech this week, Republican presidential nominee Donald J. Trump made a compelling economic case for the nation moving forward, pledging among other things to slash corporate taxes, end the so-called “death tax,” and cut burdensome and expensive regulations.

Trump, speaking in Detroit – a city built primarily on the automobile industry, but which has suffered economic devastation and bankruptcy as foreign car makers took larger shares of the U.S. and global market – also pledged to revive the now-stalled Keystone XL oil pipeline project that President Obama halted, and pledged to make all childcare expenses completely tax deductible.

“We don’t want it to be an economic disadvantage to have children,” one campaign aide told the UK’s Daily Mail.

The childcare platform was first hinted at by Trump’s daughter, Ivanka, during her speech introducing her father at the Republican National Convention. She said her father would “focus on making quality childcare affordable and accessible for all.”

Cut taxes, regulations and other burdens to growth

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