Posted on 11/21/2012 9:05:26 AM PST by tobyhill
As talk of tax increases and deep cuts to government programs dominate Washington, adoption advocates are warning of another crisis should the adoption tax credit be allowed to expire at the end of the year — a potentially “disastrous” outcome for more than 400,000 children in the U.S. foster care system.
Among the so-called Bush tax cuts set to expire at the end of 2012 is a one-time adoption tax credit that gave $12,650 this year to families who took in a parentless child. But unless Congress acts to extend it, the only tax credit for adoptive parents on Jan. 1, 2013, will be to those who take in special needs children from within the United States. For them, the credit will be just $6,000.
“And it’s really not going to do much,” said Chuck Johnson, president and CEO of the National Council For Adoption. “Most families adopting those kids won’t even qualify for it because of the strict income requirements. It really would be a credit unclaimed at that point and that could have pretty disastrous impact for kids awaiting adoption in foster care.”
(Excerpt) Read more at foxnews.com ...
Considering the election, I find myself unconcerned. Let the adoption agencies call Emperor Bathhouse for help. . .
Women and children hardest hit. Film at 11:00.
Hey, the majority has spoken. They own it.
Bushes fault, anyone?
The emperor doesn’t care. Little bastards can’t vote.
What fiscal cliff? We have already gone over the cliff. At this point politicians here and abroad are just debating about how to dig out the ground at the bottom in hopes of postponing the crash until they want to leave office.
I imagine something like the final scene in “The Good The Bad and The Ugly”. The members of the G-20 are standing in a circle with open graves behind them. They are all contemplating how they are going to successfully outdraw the other nineteen members and survive the resulting mayhem, which Lee Van Cleef’s character did not. The only thing needed now is a typical expression of human frailty to commence the cascade to catastrophe.
U.S. Debt Clock: http://usdebtclock.org/
Federal Budget History: http://www.whitehouse.gov/omb/budget/Historicals
I started looking into adoption.
Granted, we don’t want children to be entrusted to just anyone, but the hoops prospective parents have to go through and, especially, the costs that have to be incurred are a big reason why there are so many children without homes, IMHO.
For most people who are working, if you can get pregnant, the whole experience is covered by insurance and you can focus expenses on the ancillary preparation. With adoption, when the child arrives, you’re already $20k in the hole (less the tax credit, admittedly, but you gotta have the money to spend up front in order to get the money back in April). Worse, if the child is school-aged (which most are - everyone wants a baby), you have education costs immediately, unless you use the public education system. Then there are all those kids with special needs and the attendant costs.
Granted, all of those costs are worth it, and there are other avenues (such as fostering) that can be more affordable (but not always).
But, generally speaking, if you wanted to create a system to prevent or discourage adoption, you couldn’t do much better than the system we have now.
It’s cuts in projected spending increases. There is no cliff, there’s not even a downhill path. It’s a slight leveling of the rate of ascent.
It never stops...”For the children...”
..... WOW .... the same successful talking points that brought us all of the bailouts as well as “Obamacare.” .... Cool ..... looks like we will get the tax increases as well ... instead of real cuts.
No agenda there.
Advocates and NGO’s hardest hit. Segment
after homeless protest George Bush. Stay tuned.
Sux2bthem
Lil Barry’s voters OWN it. Elections have consequences.
Lil Barry’s voters OWN it. Elections have consequences.
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