While Congress deliberates on tax reform, Ivanka Trump is quietly holding meetings to ensure that child-care is included in any plans presented to her father.
Bloomberg reported on Thursday that Ivanka met with members of the House and Senate to present a $50 billion-a-year tax cut for ten years that parents can use on child expenses. These meetings prove Ivanka is one of the most powerful First Daughters in American history.
Ivanka is also relying on former Goldman Sachs executive and Economic Adviser to the President Dina Powell. This partnership will ensure that her child-care deduction and a requirement that employer provided paid maternity leave is on any tax policy pushed through Congress.
According to insiders, the plan Ivanka is pushing allows individuals earning less than $250,000 or couples earning less than $500,000 annually, to deduct the cost of child care expenses from their income tax. Low income families who don’t pay income tax would earn a rebate by receiving a larger earned income tax credit.
This change in the tax code could be especially good news to millennials who tackle the problem of stagnant wages, high student loans, and the expensive cost of child-care. According to The Washington Post, one-in-five millennial parents live in poverty.
If Ivanka’s plan passes it could help show low-income voters that the Trump Administration cares about people like them.