Kirk, I think your conclusion is cut off.
My feedback: If my earnings are $2,000 a month, and childcare costs $2,000, then I don’t see how allowing me to claim $0 on my taxes is going to suddenly free up that money for my other expenses, like housing, food, car insurance, etc… If I only have zero dollars left every month, this tax exemption doesn’t seem to help me that much. I would prefer direct assistance with paying for a portion of my child-care assistance.
Secondly, the reason why many people don’t have kids in their twenties is because we are too busy going to college and working full time, and people fear that babies will be an interruption. I suggest better leave policies instead; would you please view my policy on that? Here it is: Federal Paid Maternal Leave, Unpaid Intermittent leave & College flexibility