By Jennifer Popik, J.D. Director of Federal Legislation
On Thursday, the House of Representatives passed H.R. 1, the Tax Cuts and Jobs Act of 2017 which contains a new prolife provision.
Under the provision, parents will be permitted to name unborn children as beneficiaries of 529 College Savings Plans, and be able to start saving for their unborn child’s education before the baby is born. This would be the first time the unborn child has been written into the tax code.
The National Right to Life Committee supports this provision because it recognizes, in at least one area of law, that unborn children are people.
Additionally, National Right to Life worked to ensure that the House bill restored the long-existing adoption tax credit, and applauds House leadership for their effort.
Adoption affirms the unborn child’s right to life, allowing each baby to enter the world as a blessing for another family. While in effect, the adoption tax credit has served as an effective way to encourage adoption by easing the often steep financial expense that can be incurred by adopting a child.
The pro-life movement has long promoted adoption as an alternative for single mothers facing crisis pregnancy situations, offering them a viable alternative to abortion. Keeping the adoption process easier for families who want to adopt can offer encouragement to those mothers considering adoption as an alternative.
The Senate will take up their version of the tax bill following Thanksgiving. If passed, the Senate and House bill differences will be worked out in committee, with the goal of signing tax reform into law before Christmas.