Tag: tax reform

Congress Passes Tax Reform Legislation that Could Harm Millions of Children and Families

Earlier today, the House of Representatives approved the Senate-passed tax reform legislation which will overhaul the tax code for the first time since the mid-1980s. President Trump is expected to sign this bill into law soon. The bill doubles the Child Tax Credit (CTC), however, only higher income families would receive the majority of the… Read more »

The House just introduced their tax reform package

House Tax Reform Package Approved in Committee and Senate Proposal Released

Earlier today, the House Ways and Means Committee approved H.R. 1, the “Tax Cuts and Jobs Act of 2017” on a party-line vote. While proposals to expand and enhance the Child and Dependent Care Tax Credit (CDCTC) were not included in the amended version, the proposal to eliminate Dependent Care Flexible Savings Accounts was overturned…. Read more »

The House just introduced their tax reform package

House Unveils Tax Reform Package

Yesterday, House Republican leadership introduced the “Tax Cuts and Jobs Act of 2017.”  This anticipated legislation is designed to reform the tax code for the first time since the 1980s, including changes to deductions and tax credits. Child Care Aware® of America supports initiatives by Congress that would strengthen and expand tax credits that support… Read more »

Senate Approves Budget Resolution

The Senate just passed its FY 2018 budget resolution on a 51-49 vote. Before final passage, the Senate adopted an amendment from Senator Mike Enzi (R-WY), Chairman of the Budget Committee, that removes the House-passed Budget resolution’s instructions of $203 billion in mandatory spending cuts and replaces it with a deficit-neutral tax cut that could… Read more »

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