Deduction on childcare spending: Trump


On Monday it is predicted that in a speech Donald Trump will propose a policy allowing parents to deduct spending on childcare from their income taxes in a speech. It is primarily meant to challenge the economic policies of Democratic rival Hillary Clinton, a campaign aide said.

The aide said the campaign would have a more detailed childcare plan in the future. He added, “We don’t want it to be an economic disadvantage to have children.”

According to Aide Trump seeks to counter Clinton’s argument however he is out of touch with the problems of working families. He also said that, unlike Clinton, his business policies would encourage companies to remain in the United States, a concern of blue-collar workers he has tried to court.

Furthermore, the aide added that in Trump’s speech, to business leaders of the Detroit Economic Club, he will also propose stronger protections for American intellectual property and a temporary moratorium on new regulations.

As Trump’s plans of proposing a 15 percent corporate tax rates are already on his website it is expected to hear more outline plans for trade, taxes, regulation and energy policy in the coming week.

Senior aides and supporters said in television appearances on Sunday that Trump wanted to put behind him his disputes of last week with Republican Party leaders and the parents of a Muslim American soldier killed in Iraq.

FILE - In this Saturday, Aug. 6, 2016 file photo, Republican presidential nominee Donald Trump speaks during a campaign rally at Windham High School, in Windham, N.H. Trump is focusing his economic message on boosting jobs and making the country more competitive on a global stage by cutting business taxes, reducing regulations and increasing domestic energy production. With a speech Monday, Aug. 8, to the prestigious Detroit Economic Club, Trump seeks to reset his campaign and delve into a subject - the economy - that is seen as one of his strengths. (AP Photo/Evan Vucci, File)

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While on the other hand economy is a bigger issue for Clinton and she’s devising plans to cater to that problem

“biggest investment in good-paying jobs since World War Two,”

A Democrat like President Barack Obama, Clinton will be buoyed by figures released on Friday showing U.S. employment rose more than expected for the second month in a row in July and wages picked up, bolstering expectations of faster economic growth.

Hence, she has pledged that no family should pay more than 10 percent of its income on childcare. She has called for a tax cut to help middle-class parents cope with rising childcare costs and an expansion of a federally funded program that provides education and health services to low-income families with young children.

The Clinton campaign has criticised Trump over the advisory group, announced on Friday, for including no women and relying on members who come from hedge funds and investment banking, a make-up at odds somewhat with Trump’s populist message.

Calk, Chief Executive of Federal Savings Bank and National Bancorp Holdings, said Trump had asked advisory group members to nominate women and minorities who could be added to the group. He said there were some “big, recognisable” names on the call who would be announced soon as joining the team but did not elaborate.

A new Washington Post-ABC News opinion poll on Sunday showed Trump trailing Clinton by 8 percentage points after her party’s convention in Philadelphia. A poll out on Friday showed the race closer three months ahead of the Nov. 8 presidential election.