Several political leaders have proposed that parents be granted a substantially larger reduction in their annual personal income taxes for each child that they parent.The economic way of thinking indicates that legislation of this type would:

Question

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According to the economic way of thinking, if parents are granted a larger reduction in their annual personal income taxes for each child they parent, it will reduce the after-tax cost of raising children. As a result, it will increase the birth rate, as the cost of raising children has decreased. This is because parents will view raising children as more economically feasible, and they will be more willing to bear the cost and responsibilities of having children.

Several Political Leaders Have Proposed That Parents Be Granted a Substantially