Child and Dependent Care Tax Credit Statement

As Congress contemplates a major tax overhaul, it has the opportunity to generate revenue and a healthier national economy by helping parents with the costs of quality early childhood education and care. One important tax credit strategy comes to the forefront as an effective solution: increasing the Child and Dependent Care Tax Credit (CDCTC) to better reflect the cost of care and education and making it refundable for low- and middle-income taxpayers.

The statement was also published on Forbes on October 25, 2017.