Letter: Senate Finance Committee urged to prioritize child care tax credits

In a show of support, 64 local Chambers of Commerce, national organizations, and employers joined First Five Years Fund and the U.S. Chamber of Commerce in a letter calling on the Senate Finance Committee to expand child care tax credits — specifically the Child and Dependent Care Tax Credit (CDCTC) and the Employer-Provided Child Care Credit (45F) — as part of the tax reconciliation bill.

In the letter, the groups underscore the importance of the tax credits in supporting both working parents and the economy: “Employers of all sizes have been eager to be a partner in addressing child care challenges and the expansion of the Employer-Provided Child Care Credit (45F) speaks to this interest. We applaud the House for advancing improvements to 45F, but those changes must be paired with a strengthened CDCTC to have a meaningful impact. Without CDCTC improvements, the bill misses a critical chance to deliver real relief to families for whom child care remains one of the most burdensome monthly costs.”

See below for the full letter. 

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