Tax Break For Families
Monday, March 26th 2007, 6:25 am
By: News On 6
OKLAHOMA CITY (AP) _ A proposal by Oklahoma House Speaker Lance Cargill would give parents who stay at home with their children a tax break. Cargill says the break would put those who don't work outside the home on equal footing with those who do when it comes to tax policy.
According to the National Conference of State Legislatures, many states give tax credits for child care expenses of families with two working parents, but not to those who stay at home.
The idea first surfaced a couple of years ago when a couple of conservative organizations started talking about it.
Oklahoma City state Representative Al Lindley says there should be a means test applied to the bill.
Lindley says he's not comfortable with a wealthy person who doesn't work but hires someone to take care of their children claiming a tax credit.
Governor Brad Henry doesn't have a position on the proposal yet.