Adoption tax credit at stake in Congress decision

Tuesday, November 14, 2017
 | 
Charlie Butts (OneNewsNow.com)

baby in cribCongress is working to make sure adoptive families get a boost from the federal government.

The House version of tax reform dropped the adoption tax credit that helps people cover the expenses of an adoption, but the Senate version restored it. In addition, House Ways and Means chairman Kevin Brady (R-Texas) is proposing an amendment to the House version to put the adoption tax credit back in the mix.

OneNewsNow spoke with Tom Velie of New Beginnings Adoptions who calculated the savings for the government if it were eliminated.

"It hardly makes a drop in the bucket," says Velie. "It has such a potential negative impact on children and families. I don't think anyone who really looked into it would say that's the place to start cutting."

Cutting the tax credit would likely mean some eligible families would not adopt, leaving more children without a family.

"When you look at the breakdown of the family and the kids who are homeless and then the outcomes for those children, it's not even arguable," says Velie. "We know that the family – the two-parent 'mom and dad' family – is still the best for children. So why would we want to take away even one opportunity for one more child?"

Although it's not a settled matter, enough pressure has been put on both houses of Congress that it's likely the adoption tax credit will survive.

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