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Hope for Children Act
Originally Posted By Mike
Adoption is a great and beautiful way to build a family and to provide homes for children that would otherwise not have a stable loving family. It is, however, also very expensive. A domestic (U.S.) adoption can cost $8,000 - $12,000. An international adoption can cost $18,000 - $24,000. These costs put a great financial strain on families who seek to adopt children. Currently, there is an adoption tax credit of $5,000; however, it is set to expire (sunset) at the end of 2001 for all but special needs adoptions. The Hope for Children Act would make the adoption tax credit permanent, and increase it to a maximum of $10,000. This Bill was introduced in the US House of Representatives (HR 622) by Jim DeMint in February 2001 and was referred to the House Ways and Means Committee, where it was approved on May 9, 2001. It was introduced in the US Senate (S 148) by Larry Craig in January 2001 and was referred to the Senate Committee on Finance. This adoption tax credit bill was introduced in 1999 in the Senate, and it died in the same committee in which it is presently being considered. You may wish to contact your U.S. Representatives and Senators about this legislation (you can find their contact information at www.house.gov and www.senate.gov) as well as President Bush and Vice President Cheney (contact info at www.whitehouse.gov). You may also wish to contact Chuck Grassley, (R-IA), who is the Chairman of the Senate Finance Committee. Committee chairpersons have enormous power to decide which bills are considered and which bills are not. To check on the status of the bill in the House, go to: http://thomas.loc.gov/cgi-bin/bdquery/z?d107:HR00622:@@@L&summ2=m& To check on the status of the bill in the Senate, go to: http://thomas.loc.gov/cgi-bin/bdquery/z?d107:SN00148:@@@L&summ2=m&
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