Provided byPR Newswire
KinderCare Learning Companies Applauds Bipartisan Effort to Support Working Families through Child Care Access PR Newswire LAKE OSWEGO, Ore., May 23, 2024 Child Care for American Families Act provides much needed support for businesses to expand access to child care for employees LAKE OSWEGO, Ore., May 23, 2024 /PRNewswire/ -- Today Rep. DavidKustoff (R-TN), Rep. Brad Schneider (D-IL), Rep. Claudia Tenney (R-NY) and Rep. Terri Sewell (D-AL)introduced the Child Care for American Families Act, federal legislation aimed at encouraging employers to provide child care benefits to their employees, whether that's on-site or near-site care or tuition benefits that reduce an employee's overall child care costs. This bill willexpand childcare opportunities for working families by building uponthe Employer-Provided Childcare Tax Credit. The bill would provide qualifying employers with a tax credit, making it easier for companies of all sizes to find the funds necessary to support working parents through employer-sponsored child care benefits. "The Employer-Provided Child Care Credit is a targeted solution that provides working families with the support they need through expanded access to child care. It also enables businesses large and small, to attract and retain a skilled workforce," said Paul Thompson, CEO of KinderCare Learning Companies. "We applaud Representatives Kustoff, Schneider, Tenney and Sewell for introducing the bipartisan Child Care for American Families Act that modernizes the existing credit and helps address the evolving needs of employers and working families. More than ever, employers are coming to KinderCare looking for child care solutions that meet the needs of their workforce. This credit will allow employers to make a sustainable investment in child care that increases access for their employees and their surrounding communities." According to KLC's 2024 Parent Confidence Index, 65% of parents say they would stay at their job if their employer provided subsidized child care. Additionally, 78% of parents said confidence in their child care allows them to excel at work. Learn more about KinderCare's child care offerings for employers here. About KinderCare Learning Companies™ KinderCare programs meet the highest standards, validated by independent, third-party evaluation including: Headquartered in Lake Oswego, Oregon, KinderCare operates more than 2,400 early learning centers and sites. In 2024, KinderCare earned its eighth Gallup Exceptional Workplace Award – one of only two current organizations worldwide to achieve this milestone for eight consecutive years. To learn more, visitKC-Learning.com. Media Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/kindercare-learning-companies-applauds-bipartisan-effort-to-support-working-families-through-child-care-access-302154744.html SOURCE KinderCare Learning CompaniesKinderCare Learning Companies Applauds Bipartisan Effort to Support Working Families through Child Care Access
A leading provider early childhood and school-age education and care, KinderCare builds confidence for life in children and families from all backgrounds. KinderCare supports hardworking families in 40 states and the District of Columbia with differentiated flexible child care solutions to meet today's dynamic work environment:
Colleen Moran
KinderCare Learning Companies
503-872-1300, option 3
media@kindercare.com
Market Updates
- Best- and Worst-Performing Stocks of May 2024
- 3 Stocks to Buy and 3 Stocks to Sell in June
- Markets Brief: Friday’s Job Report in Focus
- These Stocks Are (Still) Powering the Bull Market
- 5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom
- After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?
- 5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings
- 10 Stocks With the Largest Fair Value Estimate Increases After Q1 Earnings
Stock Picks
- The Best Utilities Stocks to Buy
- 3 Cheap Dividend Stocks to Buy Yielding 4% or More
- After Earnings, Is Salesforce Stock a Buy, Sell, or Fairly Valued?
- Broadcom: Raising Valuation Estimate as AI Becomes a Greater Driver of Growth
- 3 Dividend Stocks for June 2024
- After Earnings, Is Alibaba Stock a Buy, Sell, or Fairly Valued?
- MongoDB Earnings: Slashing Valuation as Execution and Macro to Blame for Lower Guidance
- Marvell Earnings: We Raise Our Medium-Term AI Forecast and Bring Our Valuation Up to $75