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 A Growing Global Movement of Parents Is Keeping Their Kids Free from Smartphones Democrat Downplays That Bill Would Cost Trump His Secret Service Detail Teacher's Union Accused of Laundering $1.5 Million to Bankroll Dem Governor Josh Shapiro's Campaign Dan Bongino: 9 Reasons to Vote for Kamala Harris New Comms Director for Kamala Harris Campaign Wants to Pack the Supreme Court and Defund the Police Pro-Life Protester Sentenced to More Than 3 Years Behind Bars for Blocking Abortion Clinic These Important Election Integrity Initiatives Might Be on Your 2024 Ballot Harris Campaign Admits to Misleading Voters on Trump, Project 2025 Pro-Harris Media Scrambles to Erase 'Border Czar' from Her Resume as GOP Highlights Her Record Netanyahu Hails Israeli-US Bond, Reminds Protesters Israel the 'Land of the Bible' for 4,000 Years Pray: Elderly Trump Supporter Run Over in Front Yard Elon Musk Says AI Must Be 'Pro-Human,' Is Alarmed by Technological Developments The Man and the Motive: Behind Musk's War on the 'Woke Mind Virus,' and Why He Fights for Children Alberta Premier Danielle Smith Promises Bill Protecting Rights to Refuse Vaccines Is Coming Search the Articles Archives |
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 |