Reply To: Biden’s Childcare Plan

“The Biden campaign has so far provided few specifics as to where all this money would come from. But a senior campaign official told reporters a Biden administration would take aim at so-called like-kind exchanges, which allow investors to defer paying taxes on the sale of commercial real estate if the capital gains are reinvested in another property. The official also said they would prevent investors with incomes over $400,000 from using real estate losses to lower their income tax bills.” – CNBC

I should correct myself that the tax credit is 50% of childcare expenses or 666/month, whichever is smaller. (Medium.com)