How to save money raising pre-school children: Santorum’s 2 children policy – $22,200 support to raise 2 children can buy a lot of day care or diapers!Saturday, February 25th, 2012
A family of husband, wife and a two-year old is blessed with the birth of a baby in Feb., 2012.
Shall the newborn’s mother, who loves her work, return to work 1/2 time or stay at home 100% to raise two pre-school children — given the high cost of child care?
With Rick Santorum’s child policy, a family with two children subtract $22,200 instead of the current $7,400 — which is 3 times the current support.
$22,200 — if cash into a family’s wallet — buys one year of nanny time (50 weeks x 40 hours x x $10 an hour) or heaps and heaps of diapers. [Of course, it's not cash into the family's wallet. It's income the parents earned which is NOT taxed by the government.]
So, a baby born on Valentine’s Day, February 2012 will be six months old by the middle of August, 2012.
If the baby’s mother returns to work in late August or Sept. 2012, four months hence, we may have a new President of the United States. Hopefully, a the new President has the courage and support of Congress to abolish Obama-Care.
So, thinking ahead: Maybe it makes at least economic sense to for a mother with 2 preschool children to work part time.
On the other hand, there are many factors to juggle when deciding whether to be a 100% stay-at-home mom or juggle daycare, baby care and work.
Such as the length of commute for each parent.
And whether both parents — or largely mother — will do the diapering and one-to-one physical contact time that all young babies need and relish. And, of course, there is the general wear and tear of juggling work and family concerns for both parents.
And, very importantly, the parents must consider the overall health of their newborn baby. Some babies come out bouncing and feisty. Other newborns need more support to thrive.
All newborns are such a miracle to behold!
written by DrCameronJackson@gmail.com
Below written by Rick Santorum in the WSJ Feb. 25, 2012:
“In your editorial “Romney’s Tax Reboot” (Feb. 23) you state that my tax plan would triple the child credit. This is incorrect. My plan triples the personal exemption for dependent children, not the child credit. The effects are far different.
Families would be able to subtract $11,100 from income for each child instead of $3,700, an extra $7,400. For a family in the 10% bracket, this would reduce the tax liability by $740. For a family with no tax liability, there would be no effect.
In contrast, if the $1,000 child credit were tripled, this would reduce tax liability by an extra $2,000 for eligible families and would be refundable.
If the charge is that I have a plan that favors hard-working American families, then yes, I am guilty. If the charge is that I am expanding welfare, then I am innocent. It is critical to promote families and help them raise children.