Obama's SOTU Tax Credit Doesn't Amount to Much

One of the highlight's of President Barack Obama's State of the Union address Tuesday will be a $500 tax credit for families with two earners -- a plan the White House says will benefit 24 million couples by covering "additional costs" in the average American household.

The problem is, however, that the $500 tax credit won't go very far.

White House administration officials have said the tax credit will benefit families earning up to $210,000, a number four times as much as the typical middle class income of $52,000.

The tax credit wouldn't amount to much -- as reported by the Washington Examiner, child care can cost up to $279 per week, meaning Obama's tax-credit wouldn't even cover two weeks' worth of day care.

The credit wouldn't amount to much for an Obama dining experience, either -- the $500 tax credit also couldn't cover dinner for two at Honolulu's Vintage Cave restaurant, where the Obamas dined on New Year's Day. Per person, the tab runs $295 -- and that's before drinks are calculated into the bill.