(Meredith) - Three lawmakers have re-introduced a bi-partisan bill to make adoption more affordable for families across the country.
The legislation would restore the refundable portion of the current adoption tax credit, Senator Roy Blunt (R-Mo.) announced in a press release Monday.
“Over 100,000 children are waiting for adoption into a family who can give them the loving home they deserve,” Blunt said. “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 worked with Senators Bob Casey (D-Pa.) and James Inhofe (R-Okla.) to draft the legislation, titled the Adoption Tax Credit Refundability Act of 2019.
“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.”
About one-third of all adopted children live with families whose annual household incomes are at or below 200 percent of the poverty level, Blunt said in the release, citing the Department of Health. He explained that many of these families’ income taxes are so low that they cannot benefit from the adoption tax credit at all unless it's refundable.
“It is a common misconception that only wealthy families adopt,” Casey added. “We must do all we can do to ensure that all children are afforded the opportunity to grow up in a permanent, loving home.”
Earlier versions of the bill were introduced in 2013, 2015 and 2017. The legislation has been endorsed by the Adoption Tax Credit Working Group Executive Committee, which is comprised of 150 organizations.