To receive daily emails from Breaking Christian News to your inbox CLICK HERE


SHARE THIS ARTICLE Printer friendly version of this page

GOP Restores Adoption Tax Credit

Meg Storm : Nov 10, 2017  Faithwire

Some legislators had thought that overall tax relief would enable those wanting to adopt to use the savings toward that, but the backlash that ensued caused lawmakers to restore the credit.

(Washington, DC) — [Faithwire.com] Many were taken aback when the latest GOP tax plan didn't keep the adoption tax credit, and several prominent voices spoke out against the move. Their words appear to have been taken to heart, as the GOP has reversed course and added the adoption tax credit back into both the House and Senate GOP tax bills. (Photo Credit: Wikipedia)

According to The Hill:

A tax credit for adoptive families has been retained in both the House and Senate GOP tax bills, following pushback from socially conservative lawmakers and anti-abortion groups.

The credit was initially removed in the House version of the legislation, but an amendment released Thursday from the Ways and Means Committee Chairman Kevin Brady (R-TX) retained it.

Preserving the credit "will ensure that parents can continue to receive additional tax relief as they open their hearts and their homes to an adopted child," Brady said Thursday during the fourth day of the committee markup.

The Senate legislation also preserves the credit, Sen. John Hoeven (R-ND) said. The bill is set to be unveiled Thursday.

Religious groups, as well as House and Senate conservatives, pushed for the credit to be retained. They argued that by eliminating the credit, the bill went against the GOP's anti-abortion platform.

The credit provides up to $13,570 in tax savings per adopted child. Keeping the credit will cost $3.8 billion over ten years, according to the Joint Committee on Taxation.

Reaction to the move seems to be favorable in general, while some wonder how it was allowed to be revoked in the first place.

Here's the background on the whole story…

Click here to continue reading.







SHARE THIS ARTICLE Printer friendly version of this page

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Other Recent Articles from Breaking Christian News

Allie Beth Stuckey Launches a New Space for Christian Women and Moms

2 in 3 Churchgoers Fail Bible Literacy Quiz

This Hail Mary Move Could Save the Supreme Court from the Democrats

Another Florida WIN: CAIR-Florida Shutters Operations as Judge Leaves Terror Designation Intact

Modern-Day Sodom and Gomorrah: California City Moves to Legally Recognize Polyamorous Partnerships

Answered Prayer: Pro-Life Victory in Massachusetts

'Pray for Jack': Badly Injured NFL Player Trusts in God; 'My Faith in God Has Never Been Stronger'

Let's Win Our Country Back One Neighbor at a Time

9th Circuit Court Frees Idaho to Protect Unborn Babies and Mothers: 'The Constitution Does Not Confer a Right to Abortion'

White House Finalizes Policy to Lower Health Care Costs

Secretary Mullin Vows 'Deportations Will Continue' after Republicans Lose Midterm Elections

Israelis React to US Election Results: 'We're Losing a Stalwart Friend'

Good News: Even Blue States Pass Midterm's Biological-Reality Ballot Measures

Newsmax Projects Dems Win Senate, Sweep Congress

'Totally Authentic': Ancient Account of Jesus Corroborates the Gospels (Video)

Baby Saved from Abortion After Dad Drives by Pro-Life Sign, Priest Says

Greenland Parliament Ratifies Security Deal Agreement With Trump

Speaker Johnson Infuses Hope, while Citing the Challenge for Republicans in the Next Two Years

Big Night for Dems Hides These Conservatives Victories on Ballot Measures

A Great Night for Republicans in the Free State of Florida



Search the Articles Archives

Keyword:  
Author:  
Words Posted On:  
Day Month Year



Subscribe to
Breaking Christian News


Follow BCN on Twitter
Are You Praying for Our Government Leaders?
BCN Staff

Steve Shultz
Steve Shultz, Managing Editor
Founder and Owner


Aimee Herd
Aimee Herd, Editor


BCN Plus
Are You Praying for President Trump?
 
 

All articles on this site and emails from BCN are copyrighted property of Breaking Christian News. Permission is given to link to, or share a BCN story if proper attribution is given to both the original writer and summarizer of the story. Breaking Christian News 2005-2019. All Rights Reserved.


Breaking Christian News is a division of Elijah List Publications, Inc. All Rights Reserved


Disclaimer: Articles and links, as well as the source articles linked to; do not necessarily reflect the opinion of Breaking Christian News.

editor@breakingchristiannews.com