House tax plan allows unborn children to have college savings accounts.
The tax-advantaged accounts, called 529s, help people save for future college expenses.
Anyone -- a relative, a friend, or yourself -- can be named as a beneficiary at the time the account is opened.
The House legislation unveiled Thursday would allow unborn children to be named as a beneficiary as well.
It defined an unborn child as a "child in utero" and further as "a member of the species homo sapiens, at any stage of development, who is carried in the womb."
The proposed change was praised by anti-abortion groups.
"A child in the womb is just as human as you or I yet, until now, the U.S. tax code has failed to acknowledge the unborn child -- all while granting tax breaks for those seeking an abortion under the pretense of 'healthcare,'" said Jeanne Mancini, President of March for Life, in a statement.
Planned Parenthood, on the other hand, blasted the move, suggesting that defining an unborn child in the tax code would end up restricting access to abortion.
"It is absurd that House Republican leaders would use a tax bill to try to advance their agenda to undermine access to safe, legal abortion," said Dana Singiser, Vice President for Public Policy and Government Affairs at Planned Parenthood Action Fund.
http://money.cnn.com/2017/11/03/pf/coll ... index.html