The bill H.R. 7360, titled the “Promoting Affordable Childcare for Everyone Act” or the “PACE Act”, aims to amend the Internal Revenue Code of 1986 to increase and make fully refundable the Child and Dependent Care Tax Credit. It also proposes to raise the maximum amount that...
Simple Explanation
The PACE Act is like the government giving families more money to help pay for babysitters or daycare. It also wants to let workers keep more money if their boss helps pay for childcare.