Political Quotes

“I am extremely pleased to join my colleague Senator Kohl in introducing the Child Care Infrastructure Act of 2001. This measure will make child care more accessible and affordable to the many millions of Americans who find it not only important, but necessary, to work. This legislation grants tax credits to employers who assist their employees with child care expenses, either by providing child care on-site, reimbursing employees for the cost of child care, or establishing a referral service to help employees locate a child care provider. An employer is eligible for an income tax credit equal to 25 percent of its child care expenses. Expenses eligible for the credit include: The cost of acquiring, constructing, rehabilitating or expanding employer property used to provide employees with child care; the cost of operating an employer child care facility; costs incurred under a contract with a qualified child care facility to provide child care services to employees; and to reimburse employees for the cost of child care. Employers may also be eligible for a separate credit equal to 10 percent of child care resource and referral expenses. The bill establishes an overall limit on the amount of child care credits an employer can qualify to receive. That limit is $150,000 per year. Why is this legislation important? First, the workplace has changed over the years. In 1947, one in four mothers with children between the ages of 6 and 17 were in the labor force.…”