The Adoption Tax Credit is Safe, For Now | Adoptions of Wisconsin

The Adoption Tax Credit is Safe, For Now

Happy National Adoption Month, everyone!

Thanks to the hard work of the American Academy of Adoption and Assisted Reproduction Attorneys as well as countless individuals across the country who made their voices heard, The Adoption Tax Credit is no longer on the chopping block in Congress.

Below is the statement released from the Working Group responsible for running AdoptionTaxCredit.org, one of the most influential websites during the campaign to save this tax credit.

 

FOR IMMEDIATE RELEASE:
NOVEMBER 9, 2017
CONTACT: Caleb Randall-Bodman
crandall@forbes-tate.com

Save the Adoption Tax Credit

SAVE THE ADOPTION TAX CREDIT WORKING GROUP STATEMENT ON HOUSE AND SENATE TAX REFORM BILLS
WASHINGTON – Save The Adoption Tax Credit Working Group issues the following statement in response to the House Ways and Means Committee’s updated tax reform bill and the release of Senate Republicans’ proposed tax reform bill:

“We are deeply appreciative that the House Ways and Means Committee has reversed its proposed elimination of the adoption tax credit and has taken a step to support American families by retaining the adoption tax credit as part of H.R. 1, Tax Cuts and Jobs Act. Additionally, we are pleased the Senate Republican’s proposal has also retained this important tax credit.“

As the legislative process for tax reform moves forward, Congress should ensure that any final bill maintains the current availability and amount of the adoption tax credit for all Americans that currently qualify. Anything less would result in Congress picking winners and losers among children and their families. Beyond retaining the current credit, improvements should include reinstating refundability of this credit so more middle and lower income families can benefit as they welcome a child into their home.

“On behalf of the Adoption Tax Credit Working Group, a coalition of more than 150 adoption and family building advocates, nonprofits, attorneys, and religious organizations across the United States, we appreciate the work that Chairman Kevin Brady and Representatives Mike Kelly, Diane Black, Trent Franks, and Danny Davis did to reinstate the adoption tax credit in the House bill. We look forward to working with all Members of Congress to preserve and enhance the credit. All children deserve a forever family.”

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Save the Adoption Tax Credit Working Group is a national collaboration of more than 150 organizations and individuals united to support adoption by advocating for the adoption tax credit. To learn more, visit AdoptionTaxCredit.org.

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