|
To receive daily emails from Breaking Christian News to your inbox CLICK HERE
GOP Restores Adoption Tax CreditSome 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.
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. 
To receive daily emails from Breaking Christian News to your inbox CLICK HERE
Other Recent Articles from Breaking Christian News Senate Committee Questioning Big Tech CEOs Today over Online Censorship Hurricane Zeta Strengthening as it Tracks Toward Louisiana, Mississippi Landfall 'I Was Wrong': Albert Mohler Says He's Voting for Trump after Opposing Him in 2016 Sounding the Alarm on the Chilling Revisionist 'History' Being Taught in Public Schools Today Milwaukee Bus Driver Rescues Two Lost Young Children 'Rescued From Evil': 45 Missing Children Found, 109 Trafficking Survivors Recovered in Ohio PRAY: Wind-Driven Fires Sweep through Orange County, Driving Tens of Thousands from their Homes Violence Tears through W. Philly after Police Shoot, Kill Man Armed with Knife; 30 Officers Hurt Following Lawsuit, This County Can No Longer Force Ministers to Officiate Same-Sex Weddings What Mainstream Media is Ignoring: Hunter Biden Was In On Chinese Efforts to Acquire Western Tech Pastors in China Forced to Add Communist Ideology to Bible Stories North Central Ohio Strengthens Their Close-knit Bond with Israel; Here's How |
      
  |
(Washington, DC) — [
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.
| Home | Store | Subscribe | Facebook | Article Archive |