Search Results: keywords:"government spending impact"

  • H. R. 1827 — To amend the Internal Revenue Code of 1986 to expand the employer-provided child care credit and the dependent care assistance exclusion.
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    Status:Introduced in House
    Words:2,989

    H.R. 1827, titled the “Child Care Availability and Affordability Act,” seeks to amend the Internal Revenue Code of 1986 to enhance benefits related to child care. It proposes to increase the employer-provided child care credit from 25% to 50% and raises the maximum credit from $150,000 to...

    Simple Explanation

    The bill is like a plan to help moms and dads pay for places where their kids are taken care of while they work. It tries to make it so companies can get more money back if they help with child care, and it also lets families use more of their money without getting taxed when they spend on babysitters and daycares.

  • S. 1372 — To amend the Internal Revenue Code of 1986 to expand, and make permanent certain modifications of, the earned income credit.
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    Status:Introduced in Senate
    Words:1,751

    The bill S. 1372, titled the “Tax Cut for Workers Act of 2025,” aims to make certain changes to the federal earned income credit permanent and expand its benefits. It lowers the minimum age requirement to qualify for the credit, removes the maximum age limit, and increases...

    Simple Explanation

    The Tax Cut for Workers Act of 2025 is a plan to help workers by giving more people extra money back on their taxes, especially if they don't earn a lot of money, by changing some rules to include younger and older workers and allowing people in U.S. territories to get the same benefits.