Photo: A father captures his family's happiness during a picnic, circa 1960. (Photo by FPG/Hulton Archive/Getty Images)
A new conservative policy proposal is calling for one of the most sweeping family-focused tax cuts in decades: eliminating federal income taxes for married couples under 35 who are raising children.
That’s the gist of what Drake and Jayme Franklin, themselves parents of a young daughter, outlined in a recent article for The Conservateur, a lifestyle site billed as “Vogue for conservatives.” The pair have dubbed their proposal the “Young American Family Act.”
“Young Americans don’t need socialism,” the Franklins wrote. “They need financial freedom.”
Drake and Jayme argue that the Young American Family Act is necessary to address alarming trends among young people, including declining marriage rates and the dismal fertility rate, which remains near historic lows. Even Americans who are getting married and having kids are waiting longer to do so, often citing skyrocketing housing costs and inflation. A new study out this week found that the percentage of Americans under 35 who own their own home may be just 22 percent, far lower than previously thought and about half of what it was in 1980.
The Franklins argue that the federal government has a responsibility to take drastic action to promote marriage and family life, or else risk all-out demographic and cultural collapse.
While more measured approaches like expanding the child tax credit are a good start, they don’t go far enough. Instead of creating new government programs or expanding federal subsidies, the proposal seeks to allow young families to keep more of the money they earn instead of forking it over to the federal government out of every paycheck.
Proponents contend that reducing the tax burden on young parents would help couples afford housing, save for their children’s future, and achieve financial stability earlier in life.
The proposal also reflects a growing trend among conservatives who are placing greater emphasis on pro-family public policy. In recent years, lawmakers and policy advocates on the right have advanced a range of proposals aimed at strengthening families and reversing America’s demographic decline.
The Young American Family Act takes that concept a step further by making tax relief the centerpiece of a broader effort to support family formation.
The proposal recognizes that raising children provides a benefit not just to individual families but to society as a whole. Parents bear significant financial costs while raising the next generation of workers, taxpayers, innovators, and community leaders. Providing targeted tax relief to young families would represent an investment in America’s long-term economic and cultural future.
The Franklins argue that the tax cuts should be paired with spending reductions and broader fiscal reforms rather than financed through additional borrowing.
The proposal has yet to gain traction in Congress. Currently, the Young American Family Act remains a policy proposal rather than formally introduced legislation.
Even so, its release comes at a time when political leaders from both parties are being forced to reckon with the societal and economic consequences of fewer young people getting married and having children.
The Young American Family Act offers a fundamentally different approach to those problems. Rather than expanding government dependency, policymakers should focus on empowering young families by allowing them to keep more of what they earn.
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