By Kyle Sammin
On Thursday, House Republicans announced they would restore the adoption tax credit that their proposed tax reform bill had initially eliminated. It was a popular move, especially among social conservatives, but the whole discussion should remind us that there are a lot of things in the tax code that have nothing to do with taxes. A proper tax reform bill would address these things. Unfortunately, this one doesn’t.
The Government Should Support Adoption
There are some good things about the Republican tax bill, but true tax reform it isn’t. While there are some positive changes, the tax bill merely tinkers at the edges of the system that has been in place for decades. In doing so, it misses the chance for real tax reform, the best chance Republicans may get for a while.
It also lets Republicans shoot themselves in the foot by eliminating popular provisions in the tax code. One focus of public ire was section 1102 of the bill, which repealed the adoption tax credit, which grants a tax credit of up to $13,570 per child adopted in that tax year. Similarly, section 1406 repealed the exclusion from income for funds received from an employer that are designated for use …read more