The adoption tax credit, which provides up to $13,570 to aid families in adopting a child, has teetered on a razor’s edge in tax-reform negotiations. But the bills passed by the House and Senate both ultimately preserved it, and now the conference committee should follow suit. Eliminating the credit would harm children who need families, while hitting America in the pocketbook.
There are more than 115,000 children in foster care today. About half of them will be adopted, but without the tax credit that number would drop significantly….