Baby Steps: A newborn credit relieves pressure on families

Source: Niskanen Center
by Leah Sargeant

“With the introduction of the Supporting Newborn Parents Act, Reps. David Valadao (R-CA), Tom Suozzi (D-NY), Blake Moore (R-UT), and Debbie Dingell (D-MI) have put forward a powerful piece of pro-family legislation. The proposed newborn credit would give nearly all families celebrating the birth of a child another reason to celebrate: a refundable tax credit of $2,000 shortly after their baby is born. This timely payment would help parents navigate the financial shocks that tend to come in baby’s first year.” (05/13/26)

https://www.niskanencenter.org/baby-steps-a-newborn-credit-relieves-pressure-on-families