Trump and Clinton Proposing Multiple Subsidies for Daycare

It seems that this presidential election is producing a new bipartisan issue—maternity leave.

Donald Trump has announced details of a new policy proposal. He wants to lower childcare costs and provide six weeks of paid maternity leave to mothers who do not already have leave from their employers. Ivanka Trump, Donald’s accomplished daughter, is helping her father with the plan. Ivanka also announced she would help her father lead it if he wins in November.

According to The Washington Post on Trump’s plan:

Campaign officials said the program wouldn’t cost taxpayers anything more; instead, it would be financed through savings achieved by eliminating fraud in the unemployment insurance program. The plan would apply to mothers and not be transferable to fathers.

Hillary Clinton, still at home contending with a case of pneumonia, also has a maternity plan. Unlike Trump’s plan, which her campaign team called a “Mad Men-era” proposal, Clinton proposes 12 weeks of mandatory paid leave. How will this be funded? Easy. Higher payroll taxes on the rich, of course.

Whichever way the election goes, it looks like U.S. taxpayers are in for another subsidy program.

FULL SPEECH: Donald Trump Unveils Child Care Policy in Aston, PA 9/13/16

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Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga.