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A group of Liberal MPs have called for childcare to be tax deductible for high income families:
One plan the backbenchers are pushing would allow families to choose to claim childcare costs as a tax deduction instead of accessing the existing fee subsidy which costs the government $9 billion a year.
The plan… would cost an additional $608 million annually…
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.