Bill Overview
Title: Child Tax Credit for Pregnant Moms Act of 2022
Description: This bill allows a child tax credit for an unborn child who is born alive. It also allows the credit upon certification that a mother's pregnancy resulted in a miscarriage (the involuntary death of an unborn child who was carried in the womb for less than 20 weeks) or that the child was stillborn (the involuntary death of an unborn child who was carried in the womb for 20 weeks or more).
Sponsors: Rep. Smith, Jason [R-MO-8]
Target Audience
Population: Expectant Mothers
Estimated Size: 7000000
- The bill targets expectant mothers who are carrying an unborn child, focusing on those who may claim a child tax credit.
- Pregnant women across the United States will be directly affected by this bill if it becomes law.
- The bill covers cases of live births, miscarriages, and stillbirths, broadening the scope to many prenatal scenarios.
- The eligibility for tax credit will depend on the outcome of the pregnancy, potentially affecting a large demographic given the rate of pregnancies and miscarriages.
- Globally, the bill might inspire similar policies that support pregnant women financially, but this bill directly affects only U.S. residents.
Reasoning
- The policy primarily targets pregnant women; approximately 6 to 8 million women may be affected annually in the U.S. considering birth rates, miscarriages, and stillbirths.
- The bill offers financial support for each child born or who did not survive due to miscarriage or stillbirth, potentially easing financial burdens for expectant mothers.
- The budget constraint suggests a limit to the amount of support that can be distributed annually, thus impacting only a certain percentage of the pregnant population.
- The varied economic backgrounds and health outcomes across the demographic will result in differing levels of impact.
- It's important to consider both expectant mothers who have stable pregnancies and others facing challenges such as miscarriages or stillbirths.
Simulated Interviews
Retail worker (Houston, TX)
Age: 28 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 1.5 years
Commonness: 15/20
Statement of Opinion:
- This policy gives me hope for financial support during this tough time.
- As a single mom, any extra money will help reduce stress about bills and baby expenses.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 6 |
| Year 2 | 7 | 5 |
| Year 3 | 7 | 5 |
| Year 5 | 6 | 5 |
| Year 10 | 6 | 5 |
| Year 20 | 6 | 5 |
Graphic designer (Seattle, WA)
Age: 32 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 3.0 years
Commonness: 12/20
Statement of Opinion:
- This bill would have helped us last year with the miscarriage expenses.
- It’s comforting to know it could assist us if we try again and need that support.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
High school teacher (Miami, FL)
Age: 24 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 1.0 years
Commonness: 14/20
Statement of Opinion:
- The extra credit helps with baby preparations, but my main job helps cover the majority of healthcare costs.
- It'll be good for unforeseen expenses.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 6 | 6 |
Corporate manager (New York, NY)
Age: 40 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 2.0 years
Commonness: 13/20
Statement of Opinion:
- This credit is a positive step for families experiencing loss.
- It won't revolutionize our finances but it is appreciated nonetheless.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 6 | 6 |
| Year 5 | 6 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Engineer (Chicago, IL)
Age: 35 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 1.0 years
Commonness: 16/20
Statement of Opinion:
- The tax credit is a nice bonus, but it won’t vastly change our current financial plans.
- We’ll likely save it for future educational expenses.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 7 | 7 |
| Year 5 | 7 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 6 | 6 |
Freelance writer (Los Angeles, CA)
Age: 30 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 2.0 years
Commonness: 12/20
Statement of Opinion:
- This policy could be significant for us as we’re currently managing on one income.
- It might really help with immediate baby needs and support our current budget constraints.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Nurse (Denver, CO)
Age: 29 | Gender: female
Wellbeing Before Policy: 4
Duration of Impact: 1.5 years
Commonness: 10/20
Statement of Opinion:
- Having financial support after a miscarriage can help with grief and recovery.
- It acknowledges the challenges of going through pregnancy loss.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 4 |
| Year 2 | 5 | 4 |
| Year 3 | 5 | 4 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Waitress (Atlanta, GA)
Age: 27 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 2.0 years
Commonness: 13/20
Statement of Opinion:
- The credit would alleviate some of my financial stress as I prepare for my new baby.
- It's comforting to have this kind of support from the government.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Accountant (Phoenix, AZ)
Age: 39 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 1.5 years
Commonness: 15/20
Statement of Opinion:
- Tax credits help in prepping for a new child during economic uncertainty.
- We will use it for immediate needs like childcare and supplies.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 6 |
| Year 5 | 6 | 6 |
| Year 10 | 6 | 6 |
| Year 20 | 5 | 5 |
Student (Las Vegas, NV)
Age: 22 | Gender: female
Wellbeing Before Policy: 4
Duration of Impact: 3.0 years
Commonness: 11/20
Statement of Opinion:
- The policy gives me some financial independence as I navigate this life change.
- It can also lessen the burden on my family supporting me.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 4 |
| Year 2 | 5 | 4 |
| Year 3 | 5 | 4 |
| Year 5 | 5 | 5 |
| Year 10 | 5 | 5 |
| Year 20 | 5 | 5 |
Cost Estimates
Year 1: $2800000000 (Low: $2100000000, High: $3500000000)
Year 2: $2842000000 (Low: $2131500000, High: $3552500000)
Year 3: $2884630000 (Low: $2163472500, High: $3605787500)
Year 5: $2972052698 (Low: $2229040009, High: $3715065386)
Year 10: $3179442121 (Low: $2384581590, High: $3974302651)
Year 100: $6490000000 (Low: $4867500000, High: $8112500000)
Key Considerations
- The bill will extend tax credits to a potentially large number of new claimants.
- State-level impacts could vary significantly based on demographic factors impacting pregnancy rates.
- Funding for this tax credit might affect federal budget priorities or require cuts in other areas.
- Potential stimulation of economic activities through increased household disposable incomes.