By Melanie Grayce West
As part of his broader push to aid New York's middle-class working families, Gov. Andrew M. Cuomo on Thursday proposed boosting tax credits to offset the cost of child care.
The proposal, if approved by the legislature, would benefit some 200,000 families with incomes between $50,000 and $150,000.
Families within that income range would see their average Child Care Tax Credit increase by double or more, according to the governor's office. For example, a family earning between $100,000 and $149,000 would see the credit go to $333 from $111 annually.
The total cost of extending child care tax benefits would be $42 million and go into effect in 2018.
Write to Melanie Grayce West at firstname.lastname@example.org
(END) Dow Jones Newswires
January 05, 2017 16:13 ET (21:13 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.