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

Student Revival Movement Alive and Well as Hundreds Accept Christ and Thousands Worship Jesus at NC State: 'All Glory to God'

New York Churches Vandalized With 'Anti-Christian' Graffiti by Suspect Carrying LGBT Flag

Sharon Osbourne Tears Up over Trump's Heartfelt Condolence Call after Ozzy's Death

Tariff Dividend? Trump Wants to Give $2,000 to American Taxpayers

US Mint in Philadelphia Presses the Last-ever Penny after 232 Years

Huge Peer-Reviewed Studies Show COVID Vax Linked to Flu, Kidney Disease

CNN Exposes Democrats for Redacting Epstein Docs to Push Fake Anti-Trump Narrative

'Our Kids Will Be Safer': 150 Illegal Immigrant Sex Offenders Arrested in Florida, Noem Announces

'Thank You, Lord!': Hunter Missing For 20 Days Found Alive as God Intervenes With Stunning Miracle

DOJ Launches Investigation after Antifa Mob Attacks TPUSA Event at UC Berkeley

Trump to Sign Groundbreaking Executive Order Bolstering Foster Care

First Openly 'Transgender' Lawmaker in US History Found Guilty of Child Abuse

Supreme Court to Decide Fate of Transgender Sports Bans

Olympic Committee Ready to Slam the Door on Men in Women's Events

Syria Joins the Global Coalition to Defeat the Islamic State

101 Missing Children in Memphis Rescued by US Marshals

House to Vote on Deal to End Longest Government Shutdown in History

President Trump Signs Funding Bill to End the Government Shutdown

I Nearly Died of Alcoholism; but I Found Purpose in Life Rescuing Street Dogs

Red States Eclipse Blue States in Education as ‘Ideological’ Policies Are Blamed: Report



Search the Articles Archives

Keyword:  
Author:  
Words Posted On:  
Day Month Year



BCN Plus

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