Winooski, VT — James Ehlers released a bold plan today to dramatically increase state child care financial assistance for families. His plan would raise taxes on the most affluent to improve Vermonters’ access to the high-quality childcare they need while relieving taxes on low- and middle-income earning families. The proposal, developed with the assistance of experts, would provide economic growth by allowing Vermont parents to get back to work and ensuring childcare centers have the funding they need.
Its details include:
- Increase the Child Care Financial Assistance program by $43.5 million in accordance with the 2016 Blue Ribbon Commission Recommendation
- $6.5 million in tax relief for low- and middle-income earning Vermonters
- A luxury homes tax to be developed in partnership with the legislature, JFO & tax department; and
- A small income tax surcharge on those with an Adjusted Gross Income of more than $300,000/year
“Vermonters are in a childcare crisis and we need bold solutions. We can bring more parents back to the workforce, make it easier for families to make ends meet and pay our childcare workers a dignified wage. All of that is doable if our priorities are in order. Right now, the most affluent Vermonters pay less as a percentage of income in taxes than the rest of us; and their incomes have grown much faster. We can address income inequality and make big change for Vermont kids and families and we don’t need to wait,” said James Ehlers, Democratic Candidate for Governor.
“As a parent, I support James Ehlers’ bold plan to make childcare more affordable for Vermont families. I am among the many parents in a situation where it just didn’t pay for me to work full time since having kids. Working part time allowed us to rely on family, not everyone has that option. It’s time for an economy that works for parents and kids, one that develops our economy by getting parents back to work, and is fair for everyone,” said Kristin Mack, a mother of two in Bennington.
“James Ehlers’ plan represents a much-needed trajectory change for tax and economic policy in Vermont. From speaking with James, I know that he understands that we can follow what established economic research tells us to invest in Vermonters while also making Vermont’s system of taxation more progressive. That is this plan in a nutshell. James’ plan shows that we can be smarter about investing money in economic development while also making our tax system more progressive,” said Kirby Keeton, tax attorney and policy professional.