I agree with many of the points made thus far, and disagree with several others. I was a graduate from a technical school in a computer field in 2001. I met my now-husband there, and we agreed that when we had children I would stay home with them. When we decided that we had built a stable enough financial life, we decided to stop using birth control. We planned that I would work until near the birth, then quit. However, life dropped several surprises on us, not least of which was our nephew, abandoned at our house less than a month before we found out I was pregnant. We completed gaining full custody less than two months before our (expected) child arrived, with unforeseen medical difficulties. The day before we got full custody, my company finally replied to my request to go part time by putting me on an as-needed basis, which means I only worked one day in those next two months because they wanted to cut costs. So with the unexpected cost of an extra child, extra medical bills, plus a lot less income I can fully say that I was very appreciative of the tax credit we received.
To continue giving our children the kind of good upbringing we believe will allow them to be productive members of society, we have moved to a smaller house in a lower cost of living area and my husband has found a job that will provide well for our present and future needs. I am grateful when his employer gives him the flexibility to attend some important happening in our children's lives, but we don't overuse it. I agree that an employer should not give preference to those with kids, but I have lived the proof that many companies will not honor a request for shorter work hours, even when they can cut your pay and benefits. In a perfect world, all employers would be reasonable.
As for the tax credit, although we do not rely on it, we certainly appreciate it. As a stay-at-home mom, I know for a fact that without significant retraining, or even another college degree, I will never regain the hourly wage I was making two years ago upon re-entering the work force. I take the tax credit as a kind of thank-you from the country for doing my best to raise up the next responsible citizens.
For those who may think I only had a child as a genetic imperative, I have 4 brothers and sisters who are all adopted. I love my nephew no less than my daughter, and if I found myself unable to bear another child, I would gladly adopt.
For those who think that the world is so overpopulated that those who have children is akin to committing a crime against the planet, I would ask what kind of standard of living do you expect in your old age? Taxes and SSI aside, it will be today's children who are your doctors and pharmacists, your waiter or waitress when you go out to eat, who are your beauticians, your optometrists, your mechanics. Today's children will grow your food and clean your water. Today's children will discover the cures of tomorrow, will explore new places, and hopefully make the world a cleaner place. If everyone were to stop having children today, then in a short time we would be living in the past, as the quest for subsistence takes precedence over the quest for knowledge.
I appreciate those who volunteer, those who serve in the military, and all those others who serve society in one way or the other. While I am certainly willing to debate the possibility of a tax credit for those kinds of activities, I think one of the big differences is the time differential involved in raising children. On the one hand, having a child means that to a certain extent you donate your next 18 years of life to a person, which is a bit more than volunteering at an animal shelter a few times a week. On the other, a parent is not likely to see any direct benefit from child-rearing, at least financially, for at least 22 years (allowing for college) and is far more likely to pay out more money over the lifetime of the investment than they ever receive. (Also, semantically, volunteer work is work done without pay. Wouldn't a tax credit negate this?)