My legislation, the Child act co led by Representative Sanchez in a bipartisan way proposes doubling the contribution limit to $10,000 and indexing it for inflation annually. In 2021, the average cost of child care was 10% of a couple's income. These employer sponsored accounts can be used for after school programs, child care, extended care, day camp, sick child care and other expenses. And I think it's incredibly important that we look at increasing this cap. (01:21–01:28)
CLAIM
Asserts that child care costs constituted 10% of a couple's income in 2021.
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