What an amazing step forward for early childhood.
Tonight, January 20, 2015 at 9PM Eastern, President Barack Obama will deliver the annual State of the Union address. President Obama’s State of the Union address will focus on middle-class economics and provide some new proposals to help families offset the burden of child care costs.
Some of the proposals included in the upcoming State of the Union have been released prior to the speech, including a proposal around the child care tax credit. From the President’s fact sheet on the proposal:
“Making Child Care, Education, and Retirement Tax Benefits Work for Middle-Class Families
Simplifying and Expanding Child Care Tax Benefits
With the cost of infant and toddler care rivaling the cost of college in many states, the average child care tax benefit of $550 falls well short of what is needed to provide meaningful help to working families. The Child and Dependent Care Tax Credit and child care flexible…
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