(Washington, D.C., January 14, 2009)— Corporate Voices for Working Families (CVWF) and the American Business Collaboration (ABC) support legislation introduced today that, if passed, would make child care more accessible and affordable to working families.
Congressman C.A. Dutch Ruppersberger (D-MD) and Congresswoman Carol Shea-Porter (D-NH) joined with Senator Barbara Boxer (D-CA) in a joint introduction of comprehensive child care legislation modeled on the pledge of President-elect Obama to bring relief to working families.
H.R. 460 and S. 210, the “Right Start Child Care and Education Act of 2009,” would increase the eligible expense ceiling for the Dependent Care Tax Credit (DCTC), while also adjusting the share of eligible expenses and modifying the qualifying income levels as to make it more generous for working families. It would also increase the cap on Dependent Care Flexible Spending Accounts (DCFSA) to $7,500.
“This is a much needed and overdue answer to help working families meet the escalating cost of child care,” said Donna Klein, president and founder of Corporate Voices for Working Families. “Congress should ensure that employees across the nation can afford quality care for their children and other dependents.”
About Corporate Voices for Working Families
Corporate Voices for Working Families the leading national business membership organization representing the private sector on public policy issues involving working families. We aim to improve the lives of working families and the competitiveness of American businesses. Our Web site: www.cvworkingfamilies.org. Our blog: www.corporatevoices.wordpress.com
About the American Business Collaboration
The American Business Collaboration is a groundbreaking collaboration of leading U.S. companies (Champions) partnering for over 14 years, in more than 68 U.S. communities and investing more than $138,000,000 to ensure that their employees have access to quality dependent care programs and services to help them manage their work and personal responsibilies. To date, more than 1,700 dependent care progams have benefited from ABC funding to improve the quality and supply of care in the United States. Current ABC Champion companies are: Deloitte & Touche USA LLP, Exxon Mobil Corporation, IBM Corporation, Johnson & Johnson, Texas Instruments. To learn more about ABC, please visit the website at www.abcdependent.com.
Corporate Voices for Working Families