To amend the Internal Revenue Code of 1986 to provide a credit for increasing wages paid to child care providers.

H.R. 8023 proposes an amendment to the Internal Revenue Code to create a financial incentive for child care providers to raise employee pay. If enacted, the bill would establish a tax credit for businesses that increase the wages of their child care staff. This measure aims to address staffing challenges in the child care industry by making it more financially feasible for centers to offer higher compensation to their workers.

For everyday citizens, this legislation could lead to better retention of child care staff and potentially improve the quality of care available to families. By providing a tax break to employers who boost pay, the bill seeks to stabilize the child care workforce without necessarily passing the full cost of wage increases onto parents through higher tuition fees. The bill has been referred to the House Committee on Ways and Means for further consideration.