Tags: kevin brady | tax reform | adoption tax credit

Kevin Brady: Adoption Tax Credit Could Return to Tax Reform Bill

Image: Kevin Brady: Adoption Tax Credit Could Return to Tax Reform Bill
Omari Ball, of Peosta, Iowa, helps Iowa District Court Judge Monica Ackley push a button on her computer to make his adoption official at the Dubuque County Courthouse in Dubuque, Iowa, on Nov. 3, 2017. (Nicki Kohl/AP)

By    |   Tuesday, 07 November 2017 01:28 PM

House Ways and Means Committee chairman Kevin Brady, R-Texas, said Tuesday that the adoption tax credit could be added back to the tax reform bill.

"Absolutely we're having these discussions. For me as a pro-life dad and my wife as a pro-life mom, we understand, look, we understand the joys of adoption, because we have a family where none existed before," Brady said in an interview with Hugh Hewitt.

"I'm an adoptive dad of two kids, as well. We know how important this is."

The adoption tax credit is a one-time refund for adoptive parents, which can be applied over the course of five years. The credit in 2017 was $13,570, according to The Hill.

A private agency adoption can cost $40,00, The Hill's report said.

Brady said the credit was taken out because not many families can use it, but more people could benefit from it under the new tax reform bill.

"This really is a debate between the old approach and a newer approach that can help more people," Brady said in the interview.

"We're going to have the discussions in the Ways and Means Committee, and with Republicans, or do we want to stick with the old credit . . . or do we go with the tax cuts that provide about $2,000 a year, and the new family credit that helps you with your child every year of their life?" Brady said in the Hewitt interview.

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House Ways and Means Committee chairman Kevin Brady, R-Texas, said Tuesday that the adoption tax credit could be added back to the tax reform bill.
kevin brady, tax reform, adoption tax credit
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2017-28-07
Tuesday, 07 November 2017 01:28 PM
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