20 September 2016

Dependent care assistance reform gains focus in 2016 presidential race

The topic of augmenting existing federal dependent care assistance provisions has taken center stage this election year as both presidential nominees, Donald Trump and Hillary Clinton have offered plans in this area. Dependent care assistance refers to federal law that supports working families in caring for newborns or elder parents through paid leave, tax credits or tax-favored savings accounts. (See Tax Alert 2016-1548)

Since the plans of both Trump and Clinton would have implications on employers, this is a policy area where payroll and human resources professionals could expect to see change in 2017 and beyond. (Philly.com, 9-15-2016.)

Included as a separate attachment is a side-by-side comparison of the key provisions of dependent care assistance thus far proposed by Trump and Clinton.

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Contact Information
For additional information concerning this Alert, please contact:
 
Employment Tax Services Group
Debera Salam(713) 750-1591

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Other Contacts
Employment Tax Services Group
Gregory Carver(214) 969-8377
Richard Ferrari(212) 773-5714
Kenneth Hausser(732) 516-4558
Kristie Lowery(704) 331-1884
Christina Peters(614) 232-7112
Debbie Spyker(720) 931-4321

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ATTACHMENT

Trump v Clinton Dependent Care Assistance

Document ID: 2016-1581