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: Sen. Daines, Steve [R-MT]
Target Audience
Population: Pregnant individuals globally
Estimated Size: 6000000
- The bill targets all pregnant individuals since it relates to benefits arising from pregnancies and potential outcomes such as live births, miscarriages, or stillbirths.
- Globally, UN estimates suggest hundreds of millions of pregnancies occur each year, but not all result in live births—some have miscarriages or stillbirths.
- This legislation impacts individuals who are or will become pregnant and potentially their families, particularly in regions where such tax credits are applicable.
Reasoning
- The policy targets all pregnant individuals in the U.S., totaling approximately 6 million pregnancies annually. It includes pregnancies resulting in live births, miscarriages, or stillbirths.
- The budget allows for $1600 per eligibility in year 1, affecting about 6 million individuals. This means effective distribution must prioritize maximizing reach within allocated resources.
- The diversity in economic, social, and personal circumstances means people will be impacted differently, depending on current financial situations, emotional stress levels, and support structures.
- Wellbeing improvements will likely vary: those experiencing financial strain might see more significant benefits than those who are economically stable. Emotional benefits depend on personal experiences with pregnancy outcomes.
- This leads to a need for a varied sample to represent different regions, socio-economic statuses, and personal situations.
Simulated Interviews
Retail worker (Chicago, IL)
Age: 27 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 10.0 years
Commonness: 15/20
Statement of Opinion:
- Having the tax credit option takes some stress away. The extra money would help with prenatal care and supplies.
- I feel more supported knowing that there's financial help regardless of what happens.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 7 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 6 | 5 |
| Year 20 | 5 | 5 |
Software engineer (Houston, TX)
Age: 35 | Gender: female
Wellbeing Before Policy: 7
Duration of Impact: 5.0 years
Commonness: 10/20
Statement of Opinion:
- The tax credit is a nice bonus but doesn't change our financial planning substantially.
- The security net is smaller than what my insurance already covers.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 7 |
| Year 2 | 7 | 7 |
| Year 3 | 7 | 7 |
| Year 5 | 8 | 7 |
| Year 10 | 7 | 7 |
| Year 20 | 7 | 7 |
Unemployed (Rural Iowa)
Age: 22 | Gender: female
Wellbeing Before Policy: 3
Duration of Impact: 20.0 years
Commonness: 3/20
Statement of Opinion:
- This tax credit offers some relief. It feels like a small comfort in a devastating time.
- I wasn't even sure my financial situation mattered to anyone.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 5 | 3 |
| Year 2 | 6 | 3 |
| Year 3 | 6 | 3 |
| Year 5 | 7 | 3 |
| Year 10 | 6 | 3 |
| Year 20 | 5 | 3 |
Investor (New York City, NY)
Age: 40 | Gender: female
Wellbeing Before Policy: 8
Duration of Impact: 3.0 years
Commonness: 7/20
Statement of Opinion:
- The tax credit might help cover some medical expenses, but it isn't a game changer for us financially.
- The emotional implications of miscarriages are far bigger than financial; money can't fix that.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 8 | 8 |
| Year 2 | 8 | 8 |
| Year 3 | 8 | 8 |
| Year 5 | 8 | 8 |
| Year 10 | 8 | 8 |
| Year 20 | 8 | 8 |
Teacher (Phoenix, AZ)
Age: 30 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 15.0 years
Commonness: 12/20
Statement of Opinion:
- It's reassuring that I can access this benefit if anything happens during pregnancy.
- Every bit of additional help counts, especially when expecting twins.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 8 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 6 | 6 |
Nurse (Detroit, MI)
Age: 29 | Gender: female
Wellbeing Before Policy: 4
Duration of Impact: 12.0 years
Commonness: 8/20
Statement of Opinion:
- The tax credit is extremely helpful. It eases the strain and anxiety of managing on my own.
- It's one less thing to worry about if anything goes wrong again.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 4 |
| Year 2 | 7 | 4 |
| Year 3 | 7 | 4 |
| Year 5 | 8 | 4 |
| Year 10 | 7 | 4 |
| Year 20 | 6 | 4 |
Graduate student (San Francisco, CA)
Age: 24 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 5.0 years
Commonness: 9/20
Statement of Opinion:
- This policy brings financial relief, taking some weight off our shoulders while juggling studies.
- It's encouraging to see this kind of acknowledgment for potential parents.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 6 | 5 |
| Year 20 | 5 | 5 |
Food service (Miami, FL)
Age: 32 | Gender: female
Wellbeing Before Policy: 4
Duration of Impact: 10.0 years
Commonness: 14/20
Statement of Opinion:
- Any bit of financial assistance is crucial, especially with multiple children.
- The credit is like another layer of security for our family budgeting.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 4 |
| Year 2 | 6 | 4 |
| Year 3 | 7 | 4 |
| Year 5 | 7 | 4 |
| Year 10 | 6 | 4 |
| Year 20 | 5 | 4 |
Freelance artist (Seattle, WA)
Age: 28 | Gender: female
Wellbeing Before Policy: 5
Duration of Impact: 5.0 years
Commonness: 13/20
Statement of Opinion:
- The tax credit is beneficial but isn't a major impact considering my freelance income can be unstable.
- It does help to know there will be some additional financial backing.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 6 | 5 |
| Year 2 | 6 | 5 |
| Year 3 | 6 | 5 |
| Year 5 | 7 | 5 |
| Year 10 | 7 | 5 |
| Year 20 | 6 | 5 |
Self-employed (Atlanta, GA)
Age: 38 | Gender: female
Wellbeing Before Policy: 6
Duration of Impact: 10.0 years
Commonness: 5/20
Statement of Opinion:
- It's good to see some financial recognition of the hurdles many face in pregnancy discussions.
- The credit might not completely relieve emotional distress, but money always helps.
Wellbeing Over Time (With vs Without Policy)
| Year | With Policy | Without Policy |
|---|---|---|
| Year 1 | 7 | 6 |
| Year 2 | 7 | 6 |
| Year 3 | 8 | 6 |
| Year 5 | 7 | 6 |
| Year 10 | 7 | 6 |
| Year 20 | 6 | 6 |
Cost Estimates
Year 1: $9600000000 (Low: $7200000000, High: $12000000000)
Year 2: $9600000000 (Low: $7200000000, High: $12000000000)
Year 3: $9600000000 (Low: $7200000000, High: $12000000000)
Year 5: $9600000000 (Low: $7200000000, High: $12000000000)
Year 10: $9600000000 (Low: $7200000000, High: $12000000000)
Year 100: $9600000000 (Low: $7200000000, High: $12000000000)
Key Considerations
- The extension of the tax credit may improve financial stability for families experiencing pregnancies, particularly in challenging outcomes such as miscarriages and stillbirths.
- Potential uptake rate for claims may vary depending on outreach and administrative procedures implemented.
- Fluctuations in the number of annual pregnancies, live births, and clinical health data trends could influence estimated costs.
- Policy could create demand for auxiliary support services and impact local economies.