Oklahoma's Tax Credits for Child Care program a failure
Quoting a report by the National Women's Law Center report the Washington Post points out in a November 18th article that the tax-credit system launched by nearly two dozen states, including Oklahoma, to boost corporate investment in child care has been a failure. The Post says that some public money was diverted from child-care programs, according to a report by the National Women's Law Center.
In the report, "The Little Engine That Hasn't: The Poor Performance of Employer Tax Credits for Child Care," researchers reviewed employer tax-credit use in 20 states and found that in 16 of them five or fewer corporations had ever applied for the credits. In five states -- Arkansas, Oklahoma, South Carolina, Tennessee and Virginia -- not a single corporation had claimed the credits.
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