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Bill would refund WA businesses for covering child care costs

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The article from MSN discusses a proposed bill in Washington state that aims to support businesses by offering tax incentives for covering child care costs for their employees. This initiative, led by Sen. Claire Wilson, would allow businesses to receive a Business and Occupation (B&O) tax credit for expenses related to providing child care, either directly or through subsidies. The bill seeks to address the dual challenges of workforce participation and child care affordability, potentially encouraging more businesses to offer child care benefits, thereby aiding in employee retention and attraction. The legislation is part of a broader effort to enhance economic stability and support families by reducing the financial burden of child care, which has been identified as a significant barrier to employment, particularly for women.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/bill-would-refund-wa-businesses-for-covering-child-care-costs/ar-AA1y2KJQ ]


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