To amend the Internal Revenue Code of 1986 to provide a credit for increasing wages paid to child care providers

Progress

Timeline

• Mar 19Referred to the House Committee on Ways and Means.

Summary

**Bill Summary: HR 8023** **What it does:** This bill would create a new tax credit for employers who increase wages for their child care workers. **Who it affects:** - Child care providers (daycare centers, preschools, etc.) who employ workers - Child care workers who could receive wage increases - Ultimately, families who use these child care services **What would change:** - Employers in the child care industry could claim a tax credit when they raise their employees' wages - This financial incentive aims to help child care providers afford to pay their workers more - Higher wages could help attract and retain child care workers, potentially improving service quality and availability **Current status:** The bill is currently being reviewed in congressional committee and has not yet been voted on by the full House of Representatives. The credit amount and specific eligibility requirements would be detailed in the tax code if the bill becomes law.

How This Affects You