“Moms and dads start planning and preparing for their baby’s birth as soon as they learn about their pregnancy,” noted the Family Research Council’s David Christensen, vice president for government affairs. “Parents take time off for doctors’ appointments, stock up on diapers, formula, clothes and swaddles, and they plan financially to take time off work to care for and bond with their baby. By recognizing that the financial burdens of parenthood begin in the womb, the ‘Child Tax Credit for Pregnant Moms’ would be a significant help to individual families and the economy overall. For pregnant moms, especially those who are young and low income, an additional $2,000 could make a real difference as she works hard to give her baby a solid start in life.
“Under the “Child Tax Credit for Pregnant Moms,” every child will receive a CTC for an unborn child, but consistent with current law, the credit could only be claimed once the child is born and issued a taxable identification number (TIN), such as a Social Security Number. Therefore, the IRS would never have to investigate whether a woman was pregnant or if the child died before birth.”
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