Herb Kohl: “This amendment creates a tax incentive for companies that provide child care for the dependents of their employees. The…”

“This amendment creates a tax incentive for companies that provide child care for the dependents of their employees. The amendment is also cosponsored by Senators Daschle, DeWine, Boxer, D'Amato, Moseley-Braun, Snowe, Specter, and Johnson. Our amendment creates a tax credit for employers who get involved in increasing the supply of quality child care. The credit is limited to 50 percent of $150,000 per company per year. The amendment is based on S. 82, the Child Care Infrastructure Act, which has received praise from businesses, parents, and day care workers alike. Working Mother magazine gave the initiative its 'Lollipops' award in the January issue, and the Children's Defense Fund has endorsed it. S. 82 is also endorsed by the National Center for the Early Childhood Work Force and the National Child Care Association. The amendment responds to a great need, a great challenge, and a great opportunity.”