AAP President Stein Issues Statement on Congressional Efforts to Advance Tax Legislation
"As
"Research demonstrates that when parents have health insurance, children are more likely to get the care they need. Repealing the Affordable Care Act's requirement to purchase health insurance means that 13 million fewer people, including parents and children, will have coverage. In addition, no longer allowing families to deduct out-of-pocket medical expenses that exceed 10 percent of their income means that families with children who suffer from chronic and often costly medical conditions will have to bear more financial burden to ensure their children can stay healthy. Any proposal that makes it harder for families to access affordable, high-quality health care coverage harms children's health.
"The Child Tax Credit, which gives eligible families a tax credit per child to help offset the cost of raising children, has been instrumental in lifting children out of poverty. While the bills under consideration by
"Rising levels of educational debt for medical trainees is a major barrier to addressing shortages and maldistributions of primary care pediatricians and pediatric subspecialists across the country. Being able to deduct student loan debt when filing taxes can help pediatric trainees make career decisions based on their interests and the needs of children, rather than financial necessity.
"The tax legislation currently advancing through
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