Editorial Board

Have Kids? You Deserve a Tax Break

The U.S. tax code unfairly penalizes parents. Here's how to fix it.

March 16, 2015 at 3:44 PM UTC

By The Editorial Board

The Editorial Board publishes the views of the editors across a range of national and global affairs.

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Parenthood comes with lots of surprises. Among the largest is surely the price tag: In the U.S., each little one costs roughly $245,000 to rear, on average, not including college. Parents who undertake those costs aren't just raising the next generation of upstanding citizens: They're also subsidizing their childless peers. The tax code should do a lot more to help them out.