H.R. 8635, also known as the “Affordable Child Care Act”, proposes changes to the Internal Revenue Code of 1986 to increase the value of certain tax benefits for families with children and dependents. The bill seeks to double the child and dependent care credit, allowing...
Simple Explanation
The bill wants to give families more money back when they have kids to care for, by increasing the amount of money parents can claim back from the government for things like babysitters and daycare. It also wants workplaces to have more money to help their employees pay for childcare.