Bill · H.R. 4330· House(119-HR-4330)
To amend the Internal Revenue Code of 1986 to establish the Early Childhood Education Trust Fund consisting of amounts paid for the estate tax and made available to fund child care services, and for other purposes.
- Introduced
- 7/10/2025
- Last activity
- 7/10/2025 — Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Sponsored by
- Sara Jacobs
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill proposes to amend the Internal Revenue Code of 1986 to create the Early Childhood Education Trust Fund. The trust fund would be funded by amounts equivalent to certain taxes, specifically 15 percent of the amount received under section 2001. These funds are intended to be used for child care supply grants awarded by the Secretary of Health and Human Services. Additionally, the bill seeks to decrease the estate and gift tax exemption. These changes regarding the tax exemption would apply to estates of decedents dying and gifts made after December 31, 2025.
Yes· 3 of 4
Does this raise taxes on the highest earners?+7
The bill significantly increases taxes on the wealthy by reducing the estate and gift tax exemption from $15 million to $7 million.
Would children be better off under this?+6
The establishment of a childcare trust fund specifically targets early childhood services.
Does this make child care cost less?+6
The bill establishes a trust fund specifically to provide child care supply grants to improve access and services.
The opposite· 3 of 5
Does this cut the tax on money left behind when someone dies?-7
The bill reduces the estate tax exemption, thereby increasing the tax burden on large estates.
Would high-income households be better off under this?-5
The reduction in the estate tax exemption negatively impacts high-income households with large estates.
Would people with substantial wealth be better off under this?-5
The bill reduces the gift and estate tax exemption, impacting those with significant assets.
Who it would affect, and how
Potential Positive Impacts for People
-
Funding for Child Care: The creation of the Early Childhood Education Trust Fund provides money to carry out child care supply grants (Section 1(a)).
-
Increased Grant Authority: The amounts made available through this fund are authorized in addition to any other amounts authorized under the Child Care and Development Block Grant Act of 1990 (Section 1(a)).
Potential Negative Impacts for People
- Reduced Estate and Gift Tax Exemption: The bill reduces the amount in subparagraph (A) from $15,000,000 to $7,000,000 (Section 2(a)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Children+6Good For Low Income Households+4Good For Billionaires-5Good For High Income Households-5Good For High Net Worth Individuals-5Good For Ultra High Net Worth Individuals-5
- Social Issues And Justice
- Improves Childcare Affordability+6
- Economy And Finance
- Increases Wealthy Taxes+7Reduces Estate Tax-7
- 7/10/2025
- Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced in House