logo
Bill aimed at tackling Oklahoma's childcare crisis moves forward

Bill aimed at tackling Oklahoma's childcare crisis moves forward

Yahoo23-03-2025
OKLAHOMA CITY (KFOR) – Lawmakers voted to move forward with a bill that could ease the childcare crisis in Oklahoma. It would give companies a tax credit for helping workers with solutions to childcare.
House Bill 1848 easily passed through the House on March 12 and will now head to the Senate side for consideration, but, it will face some challenges.
The bill, co-authored by Rep. Suzanne Schreiber (D-Tulsa) of the House and Sen. Kristen Thompson (R-Edmond) of the Senate, would give employers a tax credit that they can use in three ways; provide child care onsite, give money to workers to cover part of the cost, or work with a licensed daycare center to reserve spots for the company's employees.
Governor Stitt calls to extend the cap on Parental Choice Tax Credit
Oklahoma-based company, Simple Modern, is on board with the program.
'We don't pretend to think that this stipend covers everything, but we think that it helps, and we want it to help,' said Jon Kuhlman, Chief Culture Officer for Simple Modern. 'That's the main goal behind why we do it.'
Simple Modern employs 110 people.
'Child care is just so expensive that we just felt like it was something we really wanted to do to show our support for families who are balancing the desire to be healthy parents, a good parent, a supportive parent, but also who have career ambitions,' said Kuhlman.
Rep. Schreiber tried to pass a similar law last session.
'We need to take it seriously,' said Schreiber in September while the bill was running through the legislature.
But it failed in the final stretch.
If House Bill 1848 becomes law, it would give tax credits of $30,000 per worker, spread over five years, to help cover the cost of child care. There would be a cap of $5 million per year.
Those lawmakers questioning the bill said the focus should be on trimming the state's budget which was one of Governor Kevin Stitt's priorities this session.
Schreiber said it would be money well spent because it would strengthen Oklahoma's workforce while tackling a major crisis.
'We're addressing an economic issue,' said Schreiber. 'We need a workforce. There's many families that have a single parent that may need to go to work that don't have a choice.'
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sen. Adam Schiff creates legal defense fund amid Trump-spurred inquiries
Sen. Adam Schiff creates legal defense fund amid Trump-spurred inquiries

USA Today

time12 minutes ago

  • USA Today

Sen. Adam Schiff creates legal defense fund amid Trump-spurred inquiries

Schiff is a longtime adversary of Trump who headed the first impeachment against the president and served on the committee investigating the Capitol attack Jan. 6, 2021. WASHINGTON – Sen. Adam Schiff, a longtime political adversary of President Donald Trump, is bracing for continued legal battles and "baseless smears" from the administration by setting up a legal defense fund. Trump has called Schiff 'shifty' and a 'scam artist' who should be arrested for treason after leading the first impeachment during the president's first term. The Justice Department is investigating potential mortgage fraud, which Schiff has denied. Schiff created a tax-exempt fund Aug. 15 called the 'Senator Schiff Legal Defense Fund.' It's not clear how much the fund raised initially. 'It's clear that Donald Trump and his MAGA allies will continue weaponizing the justice process to attack Senator Schiff for holding this corrupt administration accountable," said Marisol Samayoa, a Schiff spokesperson. "This fund will ensure he can fight back against these baseless smears while continuing to do his job." Schiff's political and legal battles with Trump go back years. As a House member, the former federal prosecutor led the first impeachment against Trump over his dealings with Ukraine during his first term. Schiff also served on the committee that investigated the Capitol attack Jan. 6, 2021. After winning a Senate seat in 2024, Schiff remains critical of Trump. For example, he asked the Federal Communications Commission on Aug. 15 whether Trump sought commitments for media coverage in exchange for approving the merger of Paramount Global, the parent company of CBS, with Skydance Media. The approval came after Paramount agreed to pay $16 million to settle a $20 billion lawsuit from Trump that alleged CBS News deceptively edited a '60 Minutes' interview with former Vice President Kamala Harris during the 2024 campaign against Trump. Trump has pushed for investigations of Schiff since returning to the White House this year. In July, Trump said on social media that federal authorities 'concluded that Adam Schiff has engaged in a sustained pattern of possible Mortgage Fraud.' The accusation is that Schiff claimed a primary residence in Maryland to get a cheaper mortgage interest rate in addition to his California residence required to serve in Congress. Trump alleged the fraud began when Schiff refinanced his Maryland home in 2009 until his designated the home his second residence in 2020. 'I have always suspected Shifty Adam Schiff was a scam artist,' Trump said on social media. Schiff has denied wrongdoing and called the mortgage investigation 'a bit of a letdown' after the more serious allegations Trump leveled at him. Schiff consulted with House counsel and mortgage lenders in declaring the Maryland home occupied in 2003 a "primary residence," rather than a vacation or investment property, in addition to his California residence, according to a source familiar with the declaration. 'And this baseless attempt at political retribution won't stop me from holding him accountable,' Schiff said on social media in July. 'Not by a long shot.' The mortgage investigation came after Schiff opposed Ed Martin, Trump's choice for federal prosecutor in Washington, DC. Martin withdrew and was named to a Justice Department position that didn't require Senate confirmation. 'The allegations against Sen. Schiff are transparently false, stale, and long debunked," said Schiff's lawyer, Preet Bharara. "Now Ed Martin, the most brazenly partisan and politically compromised person possible for the task, has been picked to investigate a political adversary." Trump signaled another inquiry into Schiff over the investigation of Trump's dealings with Russia during his term. A special counsel, Robert Mueller, found that Russians tried to influence the 2016 election in favor but did not find a connection to the Trump's campaign. FBI Director Kash Patel recently declassified and released FBI interview notes from a former House Intelligence Committee staffer who first accused Schiff in 2017 of directing illegal leaks of classified information about Trump and Russia. Schiff's office said Patel's 'latest smear' was 'absolutely and categorically false' in an attempt to distract from Trump's falling poll numbers. Prosecutors reviewed the staffer's accusations at the time and declined to pursue charges. The Justice Department's inspector general reviewed the accusations in a 2024 report that determined the witness 'had little support for their contentions' and 'may not have been credible.' But Trump told reporters Aug. 13 at the Kennedy Center that he hoped something would be done against Schiff about the Russia investigation that he called 'phony' and 'a hoax.' 'These people put our country at great danger, and Adam Schiff was all made up,' Trump said after looking at Attorney General Pam Bondi. 'Hopefully something is going to happen with it.' Contributing: Reuters

Link11 Highlights Growing Cybersecurity Risks and Introduces Integrated WAAP Protection Platform
Link11 Highlights Growing Cybersecurity Risks and Introduces Integrated WAAP Protection Platform

Business Insider

time12 minutes ago

  • Business Insider

Link11 Highlights Growing Cybersecurity Risks and Introduces Integrated WAAP Protection Platform

Frankfurt am Main, Germany, August 20th, 2025, CyberNewsWire Link11, a Germany-based global IT security provider, has released insights into the evolving cybersecurity threat landscape and announced the capabilities of its Web Application and API Protection (WAAP) platform, designed to provide multi-layered defenses against modern digital threats. The rapid pace of digital transformation has expanded the opportunities for organizations across industries. However, every new web application and API also broadens the attack surface, leaving businesses increasingly exposed. Cybercriminals are employing sophisticated tactics that target all levels of application infrastructure, rendering traditional point solutions insufficient. Key Threats Facing Digital Platforms: Distributed denial-of-service (DDoS) attacks have traditionally been associated with overwhelming data floods. Increasingly, attackers use more subtle methods at the application level (Layer 7), simulating legitimate traffic to disrupt resource-intensive services such as login pages, search functions, or APIs. A recent example occurred when the website of an Israeli city council was hit by approximately 18 million HTTP requests in just minutes, temporarily disrupting operations. Malicious bots Automated traffic continues to account for a significant share of web activity, with malicious bots responsible for credential stuffing, content scraping, inventory theft, and fraud. Reseller bots, for example, often purchase large volumes of limited products such as concert tickets or designer items, leaving genuine customers unable to access them. Limitations of traditional WAFs Web Application Firewalls (WAFs) remain widely used but often rely on signature-based rules, which can fail to detect newer attack methods while generating false positives. Such gaps leave applications vulnerable to modern 'low-and-slow' attacks and zero-day exploits, as well as to familiar threats like SQL injection or cross-site scripting (XSS). API vulnerabilities APIs are central to digital ecosystems, yet frequently underprotected. Unmonitored 'shadow APIs' can unintentionally expand the attack surface. Attacks on API endpoints can lead to service disruptions, data theft, and account takeovers, underscoring the need for more advanced defenses. The Link11 WAAP Platform Link11's WAAP platform has been developed to address these challenges through an integrated, real-time security framework. Unified all-in-one platform: Consolidates multiple protection functions into a single interface to simplify management. Real-time multi-layered protection: Detects and mitigates malicious traffic while ensuring seamless access for legitimate users. Flexible deployment: Compatible with diverse infrastructures, protecting web applications and APIs regardless of hosting environment. 24/7 managed support: Backed by round-the-clock monitoring from Link11's global Security Operations Centers (SOCs). Data security and compliance: Operates on a wholly Link11-owned cloud platform, ensuring GDPR compliance and eliminating non-EU access risks. About Link11 Link11 is a specialized IT security provider headquartered in Germany with offices worldwide. The company delivers enterprise-grade cybersecurity solutions, including protection for critical infrastructures. Link11 is ISO 27001 certified and recognized by the German Federal Office for Information Security (BSI) as a qualified provider for critical infrastructure protection. Contact Link11 GmbH

Wisdom, the AI-Powered Dental Revenue Cycle Management Platform, Raises $28M to Accelerate Product Innovation and Capitalize on Rapid Growth
Wisdom, the AI-Powered Dental Revenue Cycle Management Platform, Raises $28M to Accelerate Product Innovation and Capitalize on Rapid Growth

Business Wire

time12 minutes ago

  • Business Wire

Wisdom, the AI-Powered Dental Revenue Cycle Management Platform, Raises $28M to Accelerate Product Innovation and Capitalize on Rapid Growth

SAN FRANCISCO--(BUSINESS WIRE)--AI in revenue cycle management has become top of mind across the healthcare industry, but when it comes to the dental market, dentists are lacking the modern tools used by their medical counterparts. That's the problem that AI-powered dental RCM platform, Wisdom, is on a mission to solve. The company announced today the successful completion of its $21M Series A capital raise led by Permanent Capital Ventures (PCV), a venture capital firm that partners with founders to build go-to-market engines for enterprise scale. Aquiline, a private investment firm specializing in financial services and technology, joined the round, alongside existing investor and Co-Founder, Juxtapose, a leading creation-oriented investment firm. Juxtapose followed their recent $7M Seed investment, reaffirming the firm's commitment to Wisdom's continued growth and innovation. This funding brings Wisdom's total capital raised to $28M since its founding in 2023. The opportunity to use technology to help dentists build and run their businesses more effectively is immense. Share The overwhelming majority of independent practices and small dental groups in America struggle with the administrative burden of running a profitable business, leaving over $20 billion of earned revenue uncollected despite spending billions of dollars on salaries for in-house revenue management. Wisdom, which has already collected hundreds of millions of dollars for its clients and saved them up to 50% of collection costs, takes a highly differentiated approach to administrative workflows by bringing AI agents and human experts together to maximize revenue collections, predictability, transparency and patient satisfaction, thereby freeing dentists and their staff to focus on delivering outstanding patient care. Since its inception, Wisdom has rapidly expanded by combining advanced, proprietary AI-driven technology with US-based billing experts. This unique approach has propelled Wisdom to achieve exceptional client satisfaction, underscored by a consistently high Net Promoter Score of 73 and strong organic growth. Over 50% of Wisdom's signed deals still come through referrals. Wisdom was awarded Top Dental Billing Company by Healthcare Business Review earlier this year and was named a 2025 Dental Innovator Award winner by DentalIQ for its AI-assisted dental billing service. Wisdom is led by CEO Stoyan Kenderov, an accomplished technologist, product leader and executive with over 25 years of success building new products and transforming organizations into customer-obsessed teams that drive growth and profitability, most recently as COO of business payments platform Plastiq. Prior to his time at Plastiq, Stoyan held senior leadership roles at LendingClub, Intuit, Quicken, and many other international technology companies. Stoyan is joined by Wisdom Co-Founder and Chief Dental Billing Officer Ashley Bond, who previously founded and led the award-winning nationwide billing service, Bond Dental Billing. 'We are thrilled to partner with PCV and Aquiline as we continue our mission to transform dental billing and revenue management,' said Kenderov. 'Their proactive approach and expertise in building scalable enterprises align perfectly with our vision to significantly enhance financial outcomes and operational efficiency for dental practices.' PCV's investment in Wisdom reflects the firm's strategy of supporting innovative startups poised for transformational growth. 'Wisdom has created an impressive track record by uniquely integrating AI technologies with deep industry expertise,' said Mike Gamson, Co-Founder and Managing Partner at Permanent Capital Ventures. 'We see immense potential in their ability to scale and redefine revenue management solutions in the dental sector and beyond.' Aquiline has a history of building scaled revenue cycle management businesses, and this investment in Wisdom marks the firm's second investment supporting the dental industry. 'While we continue to see significant innovation across dental, the market is filled with point solutions and generally lacks modern, end-to-end platforms, especially across the rev cycle process,' said Dante La Ruffa, Partner at Aquiline. 'We believe that Stoyan and his team are reimagining the future of dentistry, starting with the key pain points that have historically inhibited dentists from maximizing their time with patients.' This funding will enable Wisdom to further enhance its technology platform, accelerate market expansion, and continue building out its exceptional team to better serve dental offices of all sizes - from private practices to multi-location dental groups across the country. 'The opportunity to use technology to help dentists build and run their businesses more effectively is immense. Stoyan and his team have moved quickly but thoughtfully to build a solution which really moves the needle for dentists while preserving the value of human expertise,' said Andy Stein, Partner at Juxtapose. For more information about Wisdom and its innovative dental billing solutions, please visit About Juxtapose Juxtapose is a creation-oriented investment firm building and funding industry-defining technology companies. Juxtapose's concept development and investment process is focused on multi-decade opportunities in complex industries that leverage the team's expertise in software and technology, human-centered design, commercial strategy, executive talent assessment, and private capital markets. Juxtapose has built and led the financing of companies across software, healthcare, and tech-enabled services that have raised over $1B of external, follow-on private capital. Founded in 2016, Juxtapose now has over $1B AUM. About Permanent Capital Ventures Permanent Capital Ventures is an expansion stage venture capital firm that partners with extraordinary founders building AI application businesses. We lean in with unique go-to-market expertise in the moments after product-market fit has been established to help unlock the path to enterprise scale. About Aquiline Aquiline Capital Partners LP ('Aquiline') is a private investment firm based in New York, London, and Philadelphia, that is dedicated to financial services and technology. As of June 30, 2025, Aquiline has approximately $13 billion of assets under management across the firm's three strategies in private equity, venture, and credit. Additional information is available on the firm's website: Aquiline Capital Partners LP ('Aquiline') is a private investment firm based in New York, London, and Philadelphia, that is dedicated to financial services and technology. As of June 30, 2025, Aquiline has approximately $13 billion of assets under management and has deployed approximately $7.4 billion of capital across the firm's three strategies in private equity, venture, and credit.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store