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Adoption
Finally got a note back from my senator today (long)
Thought I would share it. It has some good information...
Thank you for contacting me regarding the adoption tax
credit. I am pleased to hear from you on this issue.
As you may know, Congress, with my strong support,
first approved the adoption tax credit in 1996. The original credit was
for qualified expenses of up to $5,000 per adoption and $6,000 per adoption of
a special needs child. Then, in 2001, Congress passed the Economic Growth
and Tax Relief Reconciliation Act of 2001 (Bush tax cuts, P.L.107-16), which
increased the credit to $10,000 for all adoptions until the law expired at the
end of 2010. The increased adoption tax credit was subsequently extended
through 2012, by The Tax Relief, Unemployment Insurance Reauthorization, and
Job Creation Act of 2010 (P.L. 111-312), which I also supported.
Most recently, Senator Mike Johanns (R-NE) introduced the Adoption Tax Relief
Guarantee Act (S. 82), which would make the $10,000 adoption tax credit
permanent. This bill is currently pending consideration before the Senate
Committee on Finance.
I appreciate and understand the valuable incentive the
adoption tax credit provides to families, which is why I have been a strong
advocate for making adoptions easier and less financially burdensome.
Please be assured that I will keep your specific views in mind if S. 82 comes
to the Senate floor for a vote. To keep track of the progress of this measure, you can click on the
"Track a Bill" button at https://lieberman.senate.gov/.
Thank you again for sharing your views and concerns
with me. I hope you will continue to visit https://lieberman.senate.gov
for updated news about my work on behalf of Connecticut and the nation.
Please contact me if you have any additional questions or comments about our
work in Congress.
Sincerely,
Joseph I. Lieberman
UNITED STATES SENATOR
Failed Matches - December 2012, May 2013, December 2013
Moved on to gestational surrogacy with a family friend who is our angel and due 7/23/15
This discussion has been closed.
Re: Finally got a note back from my senator today (long)
BFP #1 9/7/10, EDD 5/14/11, Violet born 5/27/11.
BFP #2 4/9/12, EDD 12/16/12, M/C Rory 4/24/12.
BFP #3 10/6/12, EDD 6/16/12., Matilda born 6/17/13.
Our Adoption Blog & Fundraising Efforts
Heading to China in November 2014 to bring our son home!
It is very possible that this legislation will move in some form at the very end of the year during the "lame duck session" that takes place in November and December. I know this because I work in the Senate. This is one of those issues that we will not take up by itself, but will likely be able to roll into a larger bill. We do that often times because we do not have a lot of time at the end of the year, but it is a source of frustration because it is easy to stick stuff in larger bills that people don't like. (Obviously, I'm using technical terms here!
)
That being said, I get the general feeling that this particular tax credit is one we want to grant, it will just be something we work on in the context of a larger bill. I'm keeping a close eye on it, you can be assured.
If I get any updates on it, I'll let the board know. Here are the bills specific to adoption to follow:
H.R. 184, the Adoption Tax Relief Guarantee Act of 2011
H.R. 4373, the Making Adoption Affordable Act of 2012
S. 82, the Adoption Tax Relief Guarantee Act
In the meantime, tell everyone you know to write to their Senators and Representatives asking them to cosponsor and support the tax credit. The more people who write in, the more likely it is the Members will act on it. (Think squeaky wheel gets the grease!)
If you have specific questions, PM me.
Our Adoption Blog & Fundraising Efforts
Heading to China in November 2014 to bring our son home!