Business Insider
Cities and counties across the US are coming up with ways to make childcare more affordable — and many are turning to taxes.
Colorado has a policy that allows taxpayers who donate to qualifying child care facilities and programs to claim an income tax credit equal to 50% of their contribution.
To be sure, local tax revenue cannot replace funding for America's whole childcare system. Anne Hedgepeth, the senior vice president of policy and research at the advocacy organization Child Care Aware of America, told BI in an email statement that local policies are a complement larger state-level and federal funding pools.
"Additional funding is paramount to building a strong child care system," she said. "And it is positive to see localities interested in supporting their child care systems and taking action."
