Tax Credits to Combat Child Care Crisis Oklahoma Lawmakers Propose – Crisis Solution!

Oklahoma House Democrats Approve Tax Credits to Combat Child Care Crisis and Boost Workforce Participation

Affordable Child Care and Workforce Re-entry: Oklahoma’s House Democrats Advance Tax Credit Legislation

According to jopline globe, in a bid to tackle the child care crisis gripping Oklahoma, House Democrats have greenlit the creation of two new tax credits aimed at rejuvenating the state’s struggling child care sector and facilitating the return of marginalized parents to the workforce. Suzanne Schreiber seeks to incentivize Oklahoma employers to shoulder child care costs for their employees by offering a 30% tax credit and capped at $30,000 annually per company. The bill proposes a $1,000 refundable tax credit for child care workers meeting specific qualifications. This legislative push comes amidst a backdrop of mounting concerns over the affordability and accessibility of child care services across the state.

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Tax Credits to Combat Child Care Crisis Oklahoma Lawmakers Propose – Crisis Solution!(PHOTO: getty images)

CEO AJ Griffin Praises Proposed Measures as Crucial Steps Towards Alleviating Oklahoma’s Child Care Crisis

Schreiber’s second bill, House Law 1808 aims to extend the COVID-19 program which provides free child care to employees’ children at licensed centers. The comprehensive approach underscores the urgency of addressing the child care shortage which has been exacerbated by the pandemic. AJ Griffin the CEO of the Potts Family Foundation acknowledges the severity of the crisis stressing that while the proposed measures may not offer a panacea they represent crucial steps towards mitigating the impact on Oklahoma’s workforce. With the state grappling with a significant decline in workforce participation, exacerbated by the child care dilemma these legislative efforts signal a concerted attempt to fortify the state’s economic infrastructure and support working families.

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