Tax Reform

Child & Dependent Care Tax Credit Preserved, But Not Expanded in Senate Legislation -

After preventing it from being eliminated, bipartisan Senators unsuccessful in efforts to strengthen the CDCTC WASHINGTON, D.C. –  Despite months of uncertainty about the fate of the Child and Dependent Care Tax Credit (CDCTC), bipartisan leaders in the Senate, including Senators Richard Burr (R-NC), Angus King (I-ME), Susan Collins (R-ME), Dean Heller (R-NV), and others, prevailed in protecting the credit from being repealed. Last-minute efforts to include an amendment … Read More

Senate Tax Framework Maintains Child and Dependent Care Tax Credit -

Washington, D.C. – Today, the Senate Finance Committee released its tax reform proposal, which maintains the Child and Dependent Care Tax Credit (CDCTC). The Senate tax writing committee’s treatment of the CDCTC, which aligns with the tax plan released by the House last week, reaffirms that lawmakers are committed to preserving this critical tax credit for working families, even if it falls short of what families really need. While maintaining the … Read More

Child and Dependent Care Tax Credit Avoids Repeal in House Tax Bill -

WASHINGTON – Today, the House Committee on Ways and Means released the text of its tax reform legislation, which includes maintaining the Child and Dependent Care Tax Credit (CDCTC). Despite calls by some to eliminate this valuable credit, the House tax-writing Committee’s decision to preserve the CDCTC is a relief. For tax reform to truly help working families with young children, FFYF is hopeful that lawmakers will come to … Read More

Is the Child and Dependent Care Tax Credit on the Chopping Block? -

WASHINGTON – With House Ways and Means Chairman Kevin Brady (R-TX) poised to release the committee’s tax reform proposal on Wednesday, there is still no clarity on the future of the Child and Dependent Care Tax Credit (CDCTC) – the only provision in the tax code specifically created to help working families with the cost of work-related child care. In recent weeks, a number of competing priorities have put the … Read More

Leading Early Learning Providers, Advocates Call on Congress to Ensure Tax Reform Includes Child Care Policies -

Today, the First Five Years Fund (FFYF), together with 11 child care providers and Save the Children Action Network, sent a letter to U.S. Senate Finance Committee Chairman Orrin Hatch (R-Utah), along with his colleagues on the Committee, urging Congress to ensure its tax reform bill incentivizes investment in high-quality early childhood education programs. Read More