Last week Congress rolled out H.R. 1, the “Tax Cuts and Jobs Act.” Congress needs to cut taxes and rework its budget, but the proposal contains a troubling provision: It ends the federal Adoption Tax Credit.
Under current law, a taxpayer may claim $13,570 in adoption tax credits per eligible child. This is a small step the federal government takes to encourage adoption.
Considering the government estimates average adoption expenses can run anywhere from $20,000 – $50,000, the credit helps make adoption a reality for many children and families. Unfortunately, the new budget proposal would end this good tax credit.
One way the government can oppose abortion is by promoting adoption. As President Reagan told Congress in 1985,
The question of abortion grips our nation. Abortion is either the taking of a human life or it isn’t. And if it is — and medical technology is increasingly showing it is — it must be stopped. It is a terrible irony that while some turn to abortion, so many others who cannot become parents cry out for children to adopt. We have room for these children. We can fill the cradles of those who want a child to love.
Adoption gives women alternatives to abortion. That’s why in 1995 we worked closely with Sen. Fay Boozman to pass a law in Arkansas giving families tax breaks for adoption expenses.
Congress should keep the federal Adoption Tax Credit in place. It’s a simple policy; the federal government misses out on very little tax revenue because of it; but it goes a long way to help end abortion in America.
U.S. Rep. Tom Cotton of Arkansas’ Fourth Congressional District wants to know why the IRS is auditing adoptive parents. On June 12th Rep. Cotton addressed the House of Representatives on the issue.
“Today, I want to highlight another potential IRS abuse, namely unfair audits of adoptive parents who filed for the Adoption Tax Credit. We’ve all heard about the abuse of conservative, Christian, and other groups. But fewer people know the alarming story of families who use the Adoption Tax Credit to offset some of the high costs of adoption.
Rob Schwarzwalder with Family Research Council has a great blog post up called, “What Each Family Should Consider About Adoption.” In the post, he writes that “Christians should have a special place in their hearts for adoption because all who know Christ are themselves adopted into God’s family.” Click here to read more.