But if you were making 60,000 bucks a year and you didn’t have that much to write off, you didn’t get anything. It used to be that when you - you know, when you - if you were - had enough money to pay significant taxes, you could write off 2,000 bucks for every child you had and reduce it from your taxes. The money won’t even go - you don’t - the - figure your income you get 7 percent with the total cost.īut there’s another piece here: You now are qualified to be able to have a Child Tax Credit. And the way we do that is we provide for the ability to have childcare centers funded. So - so you will not have to pay more than 7 percent of your income for childcare - 7 percent. (Laughter.) And, by the way, I’m married to one: Dr. Under this proposal I have, no one will have to pay - unless you’re making more than - individually, you’re each making - making over 300 grand –$150,000 apiece.
There’s the childcare - having someone take care of your child while you are working, while you and your wife are working. THE PRESIDENT: Well, let me ask you: Do you have - how old are your kids? So how will this new infrastructure plan help middle-class families pay for childcare? We want to have more children, but even though we earn a good salary now, childcare is so expensive. However, the cost of childcare is nearly double our mortgage. Q So, my wife and I have two young boys, Arthur and Teddy. He’s the coordinator at the Applied Liberal Studies Program at Morgan State University. COOPER: All right, let’s get some - let’s go to the audience. THE PRESIDENT: I do think I’ll get a deal. COOPER: Bottom line: Do you think you will get a deal? You can’t do it.” If we can’t eventually unite this country, we’re in deep trouble.
And everybody has been saying, “Well, that’s crazy. When I ran for the presidency, I said I’m running for three reasons: one, to restore the soul and decency in the country two, to build the middle class and the working class so they were - we build from the middle out and three, to actually unite the country. You know, “compromise” has become a dirty word, but it’s - bipartisanship and compromise still has to be possible. Look - hey, look, it’s all about compromise. THE PRESIDENT: Well, you’re more confident than I am. THE PRESIDENT: Well, look, you know, it’s like my asking you, “Are you sure your next show is going to be a success?” Right? You know. COOPER: Do you think you’ll have a deal by the time you get on Air Force One in eight days? COOPER: You’re flying - you’re flying to Europe, I think, in eight days. I think banning assault weapons was the toughest deal I worked on - and succeeded. COOPER: Is this the toughest deal you’ve worked on? (Laughter.) And I was never - I was relatively good at putting together deals. You know, look, I’ve been - I was a senator for 370 years. COOPER: We’re going to get into a lot - a lot of those details. It’s not going to raise one single cent (inaudible).
And, by the way, all of it’s paid for - every single penny. There’s a lot that people don’t understand. For example, you know, we want to get the economy moving, but millions of women can’t go to work because they don’t have any childcare. It has a lot of money in there for environmental remediation as well as care economy. We’re both have - we have two plans: one is the infrastructure plan - roads, highways, bridges, buses, trains, et cetera - and the other one is what I call the “care economy”. No, look, Anderson, we’ve been - I’ve probably spent, well, well over 100 hours. We want to get into the details of what you’re calling the Build Back Better plan.īefore we get into that though, I just want to know - there’s been a lot of negotiating going on behind the scenes, as I’m sure you are very involved with. So, there’s a lot to get to tonight, and we got a lot of great questions from our audience. COOPER: With that, I want to welcome the 46th President of the United States, President Joe Biden.
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