Hassan says Senate passed her bipartisan bill to help businesses use child care tax credits
The measure, sponsored by Hassan and Republican Sen. Dan Sullivan of Alaska, would create an IRS liaison to help employers use federal child care tax incentives that Hassan says are underused. It now goes to the House.
A bill sponsored by U.S. Sen. Maggie Hassan, D-N.H., and Sen. Dan Sullivan, R-Alaska, to help businesses use federal child care tax incentives has passed the Senate, Hassan's office said Wednesday. The measure now goes to the House.
The Child Care Tax Benefit Outreach and Assistance Act would direct the Internal Revenue Service to appoint a Business Child Care Liaison. According to Hassan's office, the liaison would build ties between the child care sector and businesses, coordinate with other federal agencies to help employers use the tax incentives, and recommend legislative and administrative changes to Congress to increase their use.
Hassan's office said the existing incentives are underused even as working parents struggle with the cost and availability of child care. In June, the minority staff of Congress' Joint Economic Committee, where Hassan is the ranking member, issued a report estimating that a sample business could save $820,000 over five years using the credits and that a parent working for that company could save nearly $10,000 on child care, the office said.
"Too often, businesses do not know that these incentives are available," Hassan said in a statement. She called the bill "commonsense" and urged House members to support it.
Sullivan said in the statement that parents in Alaska repeatedly tell him affordable child care is one of their top concerns, and he said 61% of Alaskans live in communities classified as child care "deserts."
Hassan's office also pointed to other child care legislation she has introduced or backed, including the After Hours Child Care Act, aimed at parents who work nontraditional hours, and the Child Care for Working Families Act, which would cap child care costs at 7% of a family's income.
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