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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 scheduled $15,000 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 8 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 $500 – the amount had it been inflation-adjusted since 2017 and indexes the CTC amount for inflation moving forward.
  • Adds additional SSN requirements for parents claiming the CTC.

Strengthens American Families

  • Supports Savings for New Families:
    • Establishes Savings Accounts for newborns to support growth and advancement.
  • Increases access to the Adoption Tax Credit: 
    • Makes the credit more useable for all families, opening up 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.
    • Quadruples the maximum Employer-Provided Childcare Credit and adds additional relief for small businesses providing childcare.
  • Lowers the Cost of Health Care:
    • Expands Health Savings Accounts for Americans to take control of their health care.
    • Codifies Trump Individual Coverage Health Reimbursement Arrangements, increasing coverage options for 350,000 individuals. 

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

  • In the U.S., 65% 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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