June 13, 2019
U.S. Sen. Roy Blunt, R-Mo., has long been an ally for families wanting to adopt.
His latest proposal shows his support remains as strong.
This week, Blunt, joined by U.S. Sens. Bob Casey, D-Pa., and James Inhofe, R-Okla., announced the Adoption Tax Credit Refundability Act, which would make the current adoption tax credit fully refundable.
That would be a mighty help to families who are adopting.
According to the North American Council on Adoptable Children, for adoptions finalized in 2018, the adoption tax credit is $13,840 per child; this year, it is $14,080.
However, this is not a fully refundable credit, meaning families who adopt only get the credit if they have federal income tax liability, which many don't. According to Blunt, citing U.S. Department of Health and Human Services statistics, one-third of all adopted children live in families with annual household incomes at or below 200 percent of the poverty level, and because many of these families have little to no income tax liability, they cannot benefit from the adoption tax credit at all unless it is refundable.
Making the tax credit fully refundable — meaning adopting families could receive the full amount — would benefit more children.
“Over 100,000 children are waiting for adoption into a family who can give them the loving home they deserve,” Blunt said in a statement. “This bipartisan bill will ... make adoption more affordable for hardworking families."
Mary Boo, executive director of the North American Council on Adoptable Children, told us, "Sen. Blunt has always been a sponsor of this bill in the past. ... He is a strong supporter of adoption issues."
We applaud Blunt for leading the fight, and encourage everyone to get behind him on this.
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