Trump urges Congress to pass bill allowing new parents to advance tax credits

Trump urges Congress to pass bill allowing new parents to advance tax credits

President TrumpDonald John TrumpMark Kelly clinches Democratic Senate nod in Arizona Trump camp considering White House South Lawn for convention speech: reports Longtime Rep. Lacy Clay defeated in Missouri Democratic primary MORE on Tuesday urged Congress to pass bipartisan legislation to allow new parents to advance child tax credits, saying it would allow parents across the country to have access to paid family leave.

"I call on Congress to pass the bipartisan Advancing Support for Working Families Act, extending family leave to mothers and fathers all across our nation," Trump said in his State of the Union Address.

The bill Trump backed allows people to elect to advance up to $5,000 in child tax credits upon birth or adoption of a child. In exchange, the parents would receive a reduction in the amount of their child tax credits in each of the following 10 years. New parents would be able to use the advance on tax credits to finance a leave or to pay for child care or other child-related expenses.

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The bill has been offered by Sens. Bill CassidyWilliam (Bill) Morgan CassidyStimulus checks debate now focuses on size, eligibility On The Money: GDP shrinks by record amount in second quarter amid virus lockdowns | Jobless claims rise for second straight week | McConnell tees up fight on unemployment benefits GOP senators propose stimulus checks of ,000 for both adults and children MORE (R-La.) and Kyrsten Sinema (D-Ariz.) in the Senate, and by Reps. Colin Allred (D-Texas) and Elise StefanikElise Marie StefanikHouse Republicans introduce legislation to give states 0 million for elections The 'pitcher of warm spit' — Veepstakes and the fate of Mike Pence The Hill's Campaign Report: Biden, Obama reunite for socially distanced conversation MORE (R-N.Y.) in the House. Ivanka TrumpIvana (Ivanka) Marie TrumpTrump administration awarding M in housing grants to human trafficking survivors Deutsche Bank launches investigation into longtime banker of Trump, Kushner Watchdog group accuses Stephen Miller of violating Hatch Act with Biden comments MORE, the president's daughter and adviser, has also spoken positively about the bill.

But other lawmakers back different approaches to creating a federal paid leave benefit.

Most Democrats are co-sponsors of a bill that would create a more expansive federal paid family and medical leave benefit that would be financed by small increases in payroll taxes. And several Republicans have put forth proposals to give new parents the option to advance some of their Social Security benefits to use for paid leave, in exchange for delaying or receiving reductions in their Social Security benefits when they retire.