Single income families could lose out..

Found this article and it would affect homeschooler’s as well as single income families with children.

Family Research Council: Stay-at-home parents will not receive Obama’s Child Tax Credit

Today Tony Perkins, President of the Family Research Council (FRC), just released a new Call to Action for all American families. Here is his call:

When Congress passed tax relief for families in 2001 and 2003, some Members of Congress insisted the tax cuts be staggered and temporary, resulting in a large scheduled tax hike in 2011.

If these cuts are not made permanent,next year American families will face one of the largest tax increases in history. On average, taxes would increase $1,800 per taxpayer, and 48 million married couples will face an average hike of $3,007, with many paying more than if they merely cohabited. A family of four earning $40,000 would see a tax increase of over $2,300. If the President’s tax relief is allowed to expire at the end of 2010, Americans will pay about $280 billion more in taxes each year.

Instead of addressing this problem, President Obama’s recently submitted budget includes a proposal that seeks to increase the Child and Dependent Care Tax Credit. The proposal is limited only to families making less than $115,000 a year. To be clear, this is not an expansion of the Child Tax Credit, but an attempt to use the tax code for social engineering.

The Child and Dependent Care Tax Credit is for families where (a.) both parents work, (b.) there is only one parent and that parent is working, or (c.) one parent is working and the other is in school. Households where a parent stays at home to care for children get no break. This not only steers funds to government-approved daycare facilities, but also discriminates against families that have two working parents who might otherwise choose to have one parent stay home with the children.

In fairness to all, the President should first make permanent the Child Tax Credit, and then go further by increasing the credit to $5,000 for all households. This would let families decide how to spend the money they earn — money that might even convince a parent to stay at home to care for their kids, which is the optimal environment for any child.

Please sign the petition asking Congress to empower parents to make the decisions that are best for their child. Increase the Child Tax Credit and make it permanent for all families!

Thank you for taking action today and God bless you.

Please sign the petition to President Obama and the Congressional Leadership to make permanent and increase the child tax credit – and let parents decide how to spend the money they earn!

Sincerely,

Tony Perkins
President

Please take note that Obama’s plan eliminates families with a stay-at-home parent from receiving a child tax credit! If you disagree with Obama’s plan, please sign the petition to let President Obama and Congress know where you stand on this issue.

Just a heads up.

TechnoDad


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