Dear Chairs Wyden and Smith and Ranking Members Crapo and Neal:
The undersigned organizations strongly support the Child and Dependent Care Tax Credit (CDCTC), the Dependent Care Assistance Program (DCAP), and the Employer Provided Child Care Tax Credit (45F). Lack of access to child care across the country affects businesses, parents, and our youngest children.
Solutions to this problem must address the needs of all three groups of stakeholders. When combined with existing sources of federal child care funding, these tax provisions have the potential to do just that: the CDCTC and DCAP help parents afford child care and 45F helps businesses provide it. All of this helps ensure that children receive the quality care that they deserve. We urge you to expand and better align these tax provisions for working families and businesses to improve access to quality, affordable child care.