Showing posts with label childcare. Show all posts
Showing posts with label childcare. Show all posts

Friday, March 7, 2008

Tax Credits Are More Socially Acceptable

The following post is my personal, un-endorsed opinion:

This week, in honor of Women's History Month (children are inextricably linked to women, and children's programs are apparently more palatable to big funders than women's programs- more on that thought later) , Mayor Michael Bloomberg announced an ad campaign to get the word out about something that will help many women (read: women with children): the NYC Child Care Tax Credit.

Now, of course, I am all for increasing (and advertising) tax credits for low-income women!, but as an enraptured member of the audience when this was announced, I have to admit that I was somewhat disappointed by the punchline: he acknowledged that a barrier to women staying in the workforce is the lack of affordable childcare. I naturally expected him to announce an increase in funding for subsidized childcare, or even an ad-campaign to help qualified women learn where to go to get it. But, the big news, which warranted an appearance by the model Iman, was an ad campaign for a $1733 (total!) tax credit that is estimated to aid less than 50, 000 families (the income limit is $30, 000 and the children have to be under 4).

The childcare subsidy's financial eligibility guidelines, on the other hand, serve families earning between $37, 000-$62,000 and allow them to pay substantially reduced copays (as little as $3/wk) for quality, regulated childcare.

Considering that the cost of childcare in NYC can be as much or more as rent (we are talking $800-$1400 per month!), any direct assistance will make a difference. A subsidy is the more effective way to ensure that women can retain employment month-to-month, not a once-a-year tax credit that may or may not get refunded in time to make a difference.

Again, I will take what I can get (as always!), but let's get real here: if the city is serious about targeting services to allow low-income women with children to maintain employment by securing access to childcare, they should put that money into subsidies.