Dave McCormick touts proposed ‘pro-family’ tax credit for IVF expenses – Washington Examiner
Dave McCormick, a Pennsylvania Senate candidate, has proposed a $15,000 tax credit to support in vitro fertilization (IVF) and other fertility-related expenses. This proposal comes in the backdrop of increasing discussions around IVF, particularly influenced by a controversial ruling in Alabama designating frozen embryos as children. McCormick, the former CEO of Bridgewater Associates, highlighted his previous corporate practice of funding fertility services, emphasizing the profound emotional impact and support it provided to employees needing such treatments. He asserts that this tax credit initiative will facilitate financial relief for families pursuing IVF, branding it as an investment in families by the government, and aligning it with pro-family, pro-women, and pro-business values. This proposal builds on his experiences and his emphasis on facilitating family growth.
Pennsylvania Senate candidate Dave McCormick discussed a proposed tax credit he would campaign on, which would provide a $15,000 tax credit for in vitro fertilization and other expenses related to fertility.
The Republican’s proposal comes as access to IVF has been a growing topic of discussion this year, specifically after a controversial Alabama Supreme Court decision ruled that frozen embryos were considered children under the state’s law. The Senate candidate, who is running as a Republican, argued that financial restrictions should not prevent people from accessing IVF, and that this proposed tax credit would alleviate some of the financial burden that comes with it.
“And my experience as a CEO, we funded this as one of the benefits for our employees,” said McCormick, the former Bridgewater Associates CEO. “And of all the things that was sort of emotionally uplifting, it was this one, because it didn’t affect that many people, but for those that it affected, it gave them an opportunity, and these were people that would probably not have been able to have children without that level of support.”
When I was a CEO, we helped our employees pay for fertility services like IVF so they could start and grow their families.
As Senator, I’ll do the same.
My pro-family agenda calls for a $15k tax credit for IVF and other fertility expenses. pic.twitter.com/WLTzxy3aCA
— Dave McCormick (@DaveMcCormickPA) June 26, 2024
McCormick added that this proposal would be an investment for both the U.S. government and families, as the government would be providing this tax credit to help cover the expense of IVF while families would be paying for what the tax credit does not cover. He then argued he could not think of a policy that was more “pro-family, pro-women, pro-business” than his proposal.
In 2022, McCormick ran in the Republican Party’s Pennsylvania Senate primary election, though lost the nomination to Dr. Mehmet Oz. This November, McCormick seeks to unseat incumbent Sen. Bob Casey (D-PA), who led McCormick in a poll released last week by about 6%.
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The proposed tax credit comes as Republicans are working to unite on IVF, which Sen. Ted Cruz (R-TX) called “amazing technology” last month. Former President Donald Trump, who is running for office again, has also come to the defense of IVF, arguing that the Republican Party wants to “make it easier” for voters to create families.
Not all Republicans are on board with IVF, however, as Rep. Matt Rosendale (R-MT) called it “morally wrong” in a proposed amendment to the Department of Defense Appropriations Act for Fiscal Year 2025. This amendment seeks to defund assisted reproductive technology at the U.S. Department of Defense, including IVF.
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