To amend the Internal Revenue Code of 1986 to provide a tax credit to all families with young children, and for other purposes.

[AI summary unavailable — showing source text] Revises Internal Revenue Code provisions concerning the credit for expenses necessary for household and dependent care services necessary for gainful employment to make the credit available with respect to all children under the age of five, whether or not there are employment related expenses. (Currently, the credit is available with respect to children under the age of 13, but only if there are employment related expenses.)…