Daily Bread for 3.6.24: Gov. Evers Signs Child Care Tax Credit Lift to Federal Level

 Good morning.

Wednesday in Whitewater will be mostly sunny with a high of 52. Sunrise is 6:19 and sunset 5:51 for 11h 32m 22s of daytime. The moon is a waning crescent with 20 percent of its visible disk illuminated.

On this day in 1820, the Missouri Compromise is signed into law by President James Monroe. The compromise allows Missouri to enter the Union as a slave state, brings Maine into the Union as a free state, and makes the rest of the northern part of the Louisiana Purchase territory slavery-free.

Erik Gunn reports Evers signs child care tax credit hike, urges more action on child care support:

Gov. Tony Evers signed legislation increasing Wisconsin’s child and dependent care tax credit Monday and at the same time renewed his call for broader state support for child care providers.

“We need a long-term solution to our state’s looming child care crisis—including direct support for providers through Child Care Counts—and I will work with anyone from either side of the aisle who’s ready to work together to get this done,” Evers said.

The governor signed the legislation — AB-1023 — in a ceremony at a Waukesha child care center, La Casa de Esperanza.

The bill raises the state income tax credit for a family’s child and dependent care expenses to 100% of the federal tax credit from the current 50%. It also raises the maximum amount of expenses that can be counted to calculate the credit.

The child care tax credit is the only measure of four Republican-authored tax cut bills introduced in January that won broad support from Democratic lawmakers and the only one the Democratic governor signed. On Friday Evers vetoed the other three bills — changing the state’s second-lowest tax bracket, exempting the first $75,000 to $150,000 of retirement income, and nearly doubling the maximum tax credit for married couples.

More tax reductions are in order, but if one had to pick one of these bills only (although it wasn’t a choice of only one!), the child care credit hike was the best choice. 

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