In CommitteeFiled May 13, 2026
Sponsor: Rep. Valadao, David G. [R-CA-22] (R)
Latest Action
Referred to the House Committee on Ways and Means.
May 13, 2026
Summary
The bill adds a new newborn tax credit of $2,000 per child born during the tax year, reducing the credit for higher‑income families and limiting it to 20% of earned income. Taxpayers can elect to receive the credit as an advance payment shortly after the child gets a Social Security number. The credit is indexed for inflation after 2026.
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