On the recordJuly 8, 2014
I am here to discuss the Helping Working Families Afford Child Care Act, which is a bill my colleagues Senators Shaheen, Boxer, Gillibrand, and I introduced today. It will update the child and dependent care tax credit to offer working families more relief from the rising costs of childcare. When the child and dependent care tax credit was enacted originally, kids were playing with Rubik's Cubes and listening to eight-track tapes. As we all know, a lot has changed since then, and one of the most important changes our country has seen since that time is the rise of women in the labor force. Since the mid-1970s, women's participation in the labor force has increased by 23 percent, and most women now do work full time. In two- thirds of families with dependent children, both parents work outside the home. Over a period of time in which the middle class has been squeezed by an increasingly global economy with higher prices for everything from health care to college, women joining the labor force has helped to ease some of those burdens for families. In fact, Federal Reserve Chair Janet Yellen has called the increasing participation of women in the workforce: ``A major factor in sustaining growing families incomes.'' A recent study by the Center for American Progress found between 1979 and 2012, the U.S. economy grew by 11 percent as a result of women joining the labor force.…





