Child Care Is Expensive. Would a Baby Bonus Help?

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 28 August 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Presidential candidate Kamala Harris has proposed giving families of newborns a $6,000 bonus in the form of a tax credit – an approach that’s been used by a few other countries. With rising child-care costs, will it make a difference? Wall Street Journal reporter Dalvin Brown joins host J.R. Whalen to discuss. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.
0:06.0	Do more and spend less like Uber 8 by 8 and Databrics Mosaic.
0:11.0	Take a free test drive of OCI at oracle.com
0:14.4	slash Wall Street.
0:17.0	Here's your money briefing for Wednesday, August 28th. I'm J.R. Waylan for the Wall Street Journal.
0:26.8	The Urban Institute estimates that having a baby can mean a roughly 10% drop in income
0:32.0	from the month the baby is born compared with before the pregnancy.
0:36.3	As part of a presidential campaign platform, Vice President Kamala Harris is now B
0:44.6	on the success of the pandemics expanded child tax credit.
0:48.3	During the pandemic it was $3,600 but Harris is now picking up on that and proposing a more generous $6,000 as a one-time bonus to help families
1:00.6	with big expenses during their baby's first year.
1:03.6	We'll go over the details with Wall Street Journal reporter Dalvin Brown.
1:07.0	After the break. AI may be the most important new computer technology ever, but AI needs a lot of processing
1:24.8	speed and that gets expensive fast.
1:27.2	Upgrade to the next generation of the cloud, Oracle Cloud Infrastructure or OCI.
1:32.2	OCI is the single platform for your infrastructure,
1:35.0	database, application development, and AI needs.
1:38.0	Do more and spend less like Uber, 8 by 8 and Databroix mosaic.
1:43.0	Take a free test drive of OCI at oracle.com.
1:46.0	Orrical.com slash Wall Street. Democratic presidential candidate Kamala Harris is proposing a $6,000 baby
2:00.9	credit to ease the financial burden facing new parents.
2:04.8	Wall Street Journal reporter Dalvin Brown joins me.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.