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You can also look up your state's status on this issue (only New York has introduced the bill) & learn more about how the policy works. https://www.americasgoals.org/3c/childcare-advance …pic.twitter.com/akaB97tBRX
Our FAQ drives it home: Who does it help? Working parents & high-taxed young families who will have more money in their pockets every month. This bill benefits all families that are crushed by childcare costs, with a significant infusion of dollars when they most need it.
COST: Because deferred funds are returned to the state, costs to the state are very limited. Almost all of the state’s revenue is recovered over time. This is also great for businesses big & small—allowing more parents the ability to afford high-quality, consistent childcare.
Unlike saving for college or planning for retirement, families don’t spend years saving for childcare. It’s the largest expense & it sneaks up on them. An interest-free deferral of tax burden=best option for families whose childcare costs decrease as their earning power increases
Want to see this bill move forward in your state? Know who goes to your state capitol for you, show them this bill. Ask questions, advocate. We can do this. (Find your state reps here: https://openstates.org/find_your_legislator/ …)
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