Bill Expands Existing Credit to Help Parents Stay in the Workforce
Aug 06, 2015Today, Colorado U.S. Senator Michael Bennet signed on as a cosponsor to The Helping Working Families Afford Child Care Act. The bill, introduced by Senator Patty Murray, helps families pay for the increasing cost of child care by expanding and increasing the Child and Dependent Care Tax Credit (CDCTC). The CDCTC, enacted in 1976, was intended to help offset the cost of child care for working class families, but unfortunately has not kept up with the rising cost of care.