Referred to the House Committee on Ways and Means.
This bill raises the maximum amounts for two tax credits: it doubles the per-taxpayer limits for the child and dependent care expenses credit (from $3,000 to $6,000 for one qualifying individual and from $6,000 to $12,000 for two or more). It also increases the maximum employer-provided child care credit cap from $150,000 to $400,000.
Liberals stress improved affordability and workforce equity benefits.
Relatively narrow, popular objective but increases tax expenditure; House-level passage plausible but depends on fiscal priorities.
This bill raises the maximum amounts for two tax credits: it doubles the per-taxpayer limits for the child and dependent care expenses credit (from $3,000 to $6,000 for one qualifying individual and from $6,000 to $12,000 for two or more).
It also increases the maximum employer-provided child care credit cap from $150,000 to $400,000.
Both changes apply to taxable years beginning after enactment.
Technically simple and popular policy area but material revenue cost and lack of offsets reduce chances absent package or budget offsets.
How solid the drafting looks.
Liberals stress improved affordability and workforce equity benefits.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals stress improved affordability and workforce equity benefits.
Likely broadly supportive because it increases direct tax support for families and employer childcare incentives.
Would want stronger targeting or refundability for lowest-income households.
Cautiously favorable as targeted support for working families, but wants clarity on costs and distribution.
Would seek fiscal offsets or sunset if budgetary impact is meaningful.
Mixed to skeptical: supportive of family tax relief and employer incentives, but concerned about expanded tax expenditures and benefit leakage to higher incomes and employers without offsets.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technically simple and popular policy area but material revenue cost and lack of offsets reduce chances absent package or budget offsets.
The bill has not accumulated any surfaced votes yet.
Liberals stress improved affordability and workforce equity benefits.
Technically simple and popular policy area but material revenue cost and lack of offsets reduce chances absent package or budget offsets.
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