H.R. 8540, titled the "Child Care for American Families Act," aims to amend the Internal Revenue Code to increase the tax credit for employer-provided child care. Under this bill, the credit percentage will rise to 40%, with even higher rates of 50% for small businesses and...
Simple Explanation
H.R. 8540 is like giving big stickers to businesses that help take care of kids for their workers, letting them get even bigger rewards if they’re small businesses or in special places, while making sure everyone knows about it.