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GOLETA, Calif. – Congressman Salud Carbajal Introduces Bipartisan Child Care Investment Act

In an effort to address the rising costs and limited availability of child care, Congressman Salud Carbajal held a press conference outside of the First Five California offices in Goleta, where he detailed the bipartisan Child Care Investment Act. This bill aims to lower child care costs and provide new tools for businesses to offer childcare assistance to their employees.

Lower Child Care Costs and Additional Support for Businesses

The bipartisan bill, co-introduced by Republican Congresswoman Lori Chavez-DeRemer of Oregon, proposes several key measures to alleviate the child care burden. One significant measure is the creation of a tax credit that would enable employers to offer childcare options for their employees. This credit would also extend to include in-home services as eligible child care offerings, and allow businesses to collaborate with each other to develop new child care programs.

Currently, the Employer-Provided Child Care Credit only permits businesses to apply for tax credits if they contract with an existing child care provider or establish their own facility. The proposed bill seeks to expand this credit further. It aims to raise the maximum credit amount from $150,000 to $500,000 for larger businesses, while also offering small businesses a maximum credit amount of $600,000.

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Enhancing Tax-Exempt Dependent Care Flexible Spending Accounts

Additionally, the bill proposes to double the amount that families can save through a tax-exempt Dependent Care Flexible Spending Account (DCAP) to cover child care expenses. The current $5,000 annual cap on the DCAP has remained unchanged for the past four decades since its inception. The new bill plans to increase this cap to $10,000 annually. Furthermore, families with additional dependents would benefit from an additional $2,000 in DCAP savings per dependent.

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A Commonsense Approach to Child Care Affordability

Representative Carbajal emphasized the importance of addressing the concerns of Central Coast working families and small business owners. The cost and availability of child care is consistently cited as a major worry among these groups. Families struggle to find the care they need or afford it, while businesses face hiring challenges due to limited child care options. The Child Care Investment Act aims to rectify these issues by ensuring that existing tax incentives effectively support child care affordability and reflect the realities of today’s child care landscape.

“Skyrocketing costs have made quality child care unaffordable for many families. Regrettably, this burden often affects women, forcing them to make difficult choices between pursuing a career or education and staying at home. This situation has far-reaching consequences for families, local businesses, and our economy. By investing in child care, we are investing in the future growth and success of our communities. As a mother of twin daughters, I am proud to co-lead the bipartisan Child Care Investment Act. Together, we can alleviate the financial strain on parents while ensuring quality care for their children,” stated Representative Chavez-DeRemer.

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