GOP Leaders Reinstate Adoption Tax Credit

0
20

GOP Leaders Reinstate Adoption Tax Credit



Republicans leaders finally took the advice of pro-life lawmakers and advocates Thursday, agreeing not to cut the adoption tax credit.

GOP leaders unveiled the Tax Cuts and Jobs Act a week ago, and to the surprise of many, the 429-page document included language ending the credit that helps families cover the cost of adoptions.

No one but a handful of top-level Republican lawmakers and staffers knew about the exclusion before the release of the landmark bill. Now, blindsided pro-life groups and lawmakers are scrambling to make sure President Donald Trump doesn’t sign off on a tax-code rewrite that discourages adoption.

After vocal pushback from pro-life groups and a collection of pro-life lawmakers, Rep. Kevin Brady, R-Texas, chairman of the House Ways and Means Committee, decided to offer an amendment Thursday retaining the adoption credit.

Lawmakers originally defended the move by saying few families use the credit and pro-lifer advocatess hadn’t mentioned it in years, March for Life Action president Tom McClusky told me. “It’s because we never thought somebody would be so stupid to remove it,” he added.

The adoption tax credit provides families up to $13,570 to help offset adoption fees. In 2015, 64,000 families used the credit at a cost to the government of $251 million. Keeping the adoption tax credit would cost the United States $3.8 billion over the next 10 years, according to the Joint Committee…

… Read More

Click here to read the rest of the story from our content source/partners – Christian Headlines.

قالب وردپرس