• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Republicans want child tax credit for unborn babies in massive federal family care overhaul
Economy

Republicans want child tax credit for unborn babies in massive federal family care overhaul

by July 24, 2023
by July 24, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

FIRST ON FOX: Republicans are mounting their own effort at an expanded child tax credit that includes applying the credit to fetuses in the womb.

Rep. Ashley Hinson, R-Iowa, is leading a package of bills in the House called the Providing For Life Act, an ambitious attempt at overhauling the federal government’s family care system.

Hinson told Fox News Digital her legislation ‘charts the policy course for a culture of life in America.’

‘By expanding the child tax credit to include the unborn and providing additional support to working families, empowering women to care for their babies regardless of socioeconomic status or zip code and improving access to community resources, we can make a meaningful difference for those in need,’ Hinson said.

‘These provisions, and others championed by the pro-life community, will ensure we protect the most vulnerable and make critical investments in the long-term well-being of our families.’

The marquee item would see the refundable child tax credit expand to a $3,500 cap for children 5 and under, and $4,500 for ages 6-17. Parents would have to be employed to get the credit under the GOP bill.

It would also retroactively expand the tax credit to unborn children. When a dependent is born, parents would become eligible to claim the tax credit in the prior year during the pregnancy, in addition to gaining access to the regular child tax credit in the current year.

The expanded child tax credit without work requirements was a popular measure during the COVID-19 pandemic, but Democrat-led efforts to make it permanent failed. As of the most recent tax cycle, the credit is worth up to $2,000 per dependent.

Other measures in the package include an option allowing parents to draw from their Social Security to finance up to three months of paid parental leave and enhancing certain benefits for new mothers. It also includes incentives for states to set guidelines on fathers paying for part of a woman’s pregnancy costs and would force cooperation with any child support requirements to receive SNAP food benefits.

The bill comes as the issue of abortion access continues to be a political lightning rod since the Supreme Court overturned Roe v. Wade in June 2022.

In addition to more economic benefits for young families, Hinson’s legislation seeks to provide expecting parents with support programs on college campuses and at pregnancy resource centers and aims to establish ‘a federal clearinghouse of resources’ and bolster support for social service programs at places of worship.

For parents in low-income or other vulnerable communities, it ‘funds local demonstration programs providing volunteer mentoring and peer support services.’

The package’s Senate counterpart was recently introduced by Sen. Marco Rubio, R-Fla., who said it meant ‘real assistance’ for children and families.

‘Supporting pregnant mothers and their unborn children is essential, not just because it’s the right thing to do, but because America’s continued strength depends on the next generation,’ Rubio told Fox News Digital. ‘This comprehensive legislation will provide real assistance for American parents and children in need. We need policies like these to show America that conservatives are pro-life across the board.’

Elizabeth Elkind is a politics reporter for Fox News Digital. 

This post appeared first on FOX NEWS
You Might Also Like
  • House Democratic leader’s daughter arrested for allegedly assaulting police officer, spray-painting monument
  • New report highlights ‘booming’ transgender surgery industry that is raking in billions: ‘Damage being done’
  • How Do You Use A Forex Position Size Calculator?
  • Obama allies, advisers helped lead the charge among Dems looking to sink Biden ahead of official announcement
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Relentless heat wave has people cranking up their air conditioners — and energy bills
next post
Biden blowing off Black voters, reparations activists say: the president ‘needs to act’

You may also like

South Carolina passes ‘heartbeat’ abortion bill that limits access to...

May 24, 2023

What is VP Harris’ role in 25th Amendment and how...

July 9, 2024

Trump calls to ban US entry for immigrants wanting to...

November 5, 2023

Every Flaw in Consumers is Worse in Voters, Part Deux

December 27, 2022

AI expert doubtful DC prepared for new tech: ‘Well, they...

June 4, 2023

SafeMoon and Litecoin: Support Levels and Targets

October 24, 2024

House Republicans say they aren’t sweating Kamala as possible Biden...

July 6, 2024

GOP presidential candidate Nikki Haley pledges to cut billions in...

February 26, 2023

VeepStakes: Rubio and Burgum informed they are not Trump’s 2024...

July 15, 2024

How the US used AI to take on the Taliban...

August 4, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,309 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past...

      May 31, 2025
    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,582)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Biden admin takes aim at hunters...

    June 23, 2023

    Hunter Biden’s lawyer hits Marjorie Taylor...

    July 22, 2023

    Trump preps swing state expansion as...

    March 28, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here