New bill would make adoption more affordable for families

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WASHINGTON (KAKE) -

Three U.S. Senators have introduced a bi-partisan bill to make adoption more affordable for families. 

The bill introduced Monday would make the current adoption tax credit fully refundable, Missouri Republican Roy Blunt said in a news release

“Over 100,000 children are waiting for adoption into a family who can give them the loving home they deserve,” Blunt said. “This bipartisan bill will restore the refundability portion of the tax credit to make adoption more affordable for hardworking families. I urge my colleagues to join me in this effort to make adoption a more viable option for parents who are eager to welcome a child into their home.”

Blunt introduced the Adoption Tax Credit Refundability Act along with Pennsylvania Democrat Bob Casey and Oklahoma Republican James Inhofe.

“My family knows firsthand the joys and blessings adoption brings,” Inhofe said. “But adoption is not without its difficulties and, too often, can be a costly process. Making the adoption tax credit fully refundable will ease that financial burden so more families can choose to adopt and welcome children into their homes.”

According to the Department of Health and Human Services, about one-third of all adopted children live in families with annual household incomes at or below 200 percent of the poverty level, the release says.

“It is a common misconception that only wealthy families adopt,” Casey said. “We must do all we can do to ensure that all children are afforded the opportunity to grow up in a permanent, loving home. This legislation is a commonsense approach to improve lower-income families’ ability to adopt and support children from foster care.”

Blunt said many families’ income taxes are so low that they cannot benefit from the adoption tax credit at all unless it is refundable.

This legislation has been endorsed by the Adoption Tax Credit Working Group Executive Committee, which is comprised of 150 organizations.

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