It’s All Done With Smoke And Mirrors

I will have further comments on the President’s State of the Union Speech tomorrow, but I do have one observation on some of what has been released to the public ahead of time.

This afternoon The Washington Examiner posted a story about President Obama’s proposed tax cut for middle class families. The President has proposed a $500 tax credit for two-earner families.

The article reports:

The provision is included in his effort “to help middle class families get ahead.” Like who? Administration officials said families earning up to $210,000 would get a piece of the tax credit. That is four-times the earning of the “typical” middle class income of $51,939 calculated by the Obama-supporting Center for American Progress.

It’s to pay for the added commuter and child care costs of two-earner families, but it wouldn’t cover much.

Take child day care. The just-out Child Care Aware of America’s 2014 report said the child care price for an infant can reach $14,508 a year or $279 a week.

The article also points out that the cost of dinner on New Year’s Day for the president and the first lady was $295 per person, not including wine. President Obama’s middle class tax break would not have even paid for his New Year’s Day dinner.