“Government policy should recognize families’ indispensable contributions to our nation’s long-term health and prosperity. And families should not face a penalty if one parent chooses to stay home with his or kids.
The Lee-Rubio plan would help address the parent penalty by nearly doubling the Child Tax Credit. The plan would also eliminate the stay-at-home parent penalty by turning the childcare credit into a ‘young child’ enhancement that families of all stripes can access.
With $4,500 for young children and $3,500 for children ages six to 17, every family would be better off.
Let’s ensure that families are treated fairly by our tax code.”