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Champions Life and Puts American Families First

Makes Permanent President Trump’s Pro-Family Tax Cuts from 2017

  • The lower tax rates and brackets.
    • Stops a $1,700 tax increase on American families.
  • The doubled guaranteed Standard Deduction.
    • Stops a nearly $15,000 scheduled cut in this deduction for families.
  • The doubled Child Tax Credit (CTC).
    • Stops a $1,000 per child reduction in the CTC.
  • The Alternative Minimum Tax Relief for nearly 7 million filers.
  • The increased Death Tax Exemption for millions of small businesses & family farms.
  • Builds on the Trump Tax Cuts’ expansion of educational freedom and savings options for families and students.

Enhances President Trump’s Child Tax Credit

  • Supports American families recovering from Bidenflation.
    • Increases the CTC by $200 per child and indexes the CTC for inflation moving forward.
    • Extends the Child SSN requirement and adds additional SSN requirements for parents.

Strengthens American Families

  • Supports Savings for New Families.
    • Establishes Trump Accounts for children to support growth and advancement, including a pilot program of one-time $1,000 federal contributions for newborns.
  • Increases access to the Adoption Tax Credit.
    • Makes the credit available to all families, opening more homes to the joys of adoption and championing the sanctity of life.
  • Builds on the Trump Tax Cuts’ incentives for Paid Leave and Childcare.
    • Strengthens the Paid Family and Medical Leave Credit from the Trump Tax Cuts so more employers are incentivized to provide paid leave.
    • Quadruples the maximum Employer-Provided Childcare Credit and adds additional relief for small businesses providing childcare.
    • Expands the Child & Dependent Care Tax Credit (CDCTC) and dependent case assistance program to help families with the rising cost of childcare.
  • Lowers the Cost of Health Care.
    • Expands Health Savings Account (HSA) eligibility so more American families can have better control over their health care spending.
  • Expands Education Choice.
    • Creates a new tax credit for donations to K-12 scholarship programs for low- and
      middle-income families, helping more children access high quality education.

Rising Childcare Costs are Squeezing Low- and Middle-Income Families

  • In the U.S., 69% of children under five live in a household where both parents work, and 70% of parents experience difficulty in paying for childcare.
    • American families spend up to $15,600 on daycare each year for just one child.
  • Over 47 million American families claim the Child Tax Credit.
    • Bidenflation increased the cost of raising a child by over 21%.
  • For families ready to open their hearts and homes to a child in need, adoption can come with a heartbreaking price tag, as high as $60,000.
    • Enhances the adoption tax credit and indexes it for inflation, ensuring it does not lose its value.
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