Republican Tax Cuts Help Families Adopt Children

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Posted by John Kartch on Monday, October 22nd, 2018, 10:16 AM PERMALINK

Thanks to the Tax Cuts and Jobs Act passed by the Republican congress and signed by President Donald Trump, 90 percent of wage earners have higher take-home pay. But there is another important family benefit arising from the GOP tax cuts: companies are helping employees cover the cost of adopting a child.

Walmart, in addition to raising wages, giving bonuses, and expanding parental leave, is offering $5,000 for employees who adopt a child. Here is an excerpt from the official Walmart statement:

Walmart will provide financial assistance to associates adopting a child. The adoption benefit, available to both full-time hourly and salaried associates, will total $5,000 per child and may be used for expenses such as adoption agency fees, translation fees and legal or court costs.

Lowe's also raised wages, gave bonuses, expanded parental leave, and is offering $5,000 for employees who adopt a child. Here is an excerpt from the official Lowe's statement:

An adoption assistance benefit to cover up to $5,000 of expenses related to agency, legal and other fees.

The Tax Cuts and Jobs Act also doubled the child tax credit.

“The GOP tax cut is pro-growth, pro-jobs, and pro-family,” said Grover Norquist, president of Americans for Tax Reform.

Americans for Tax Reform has state-by-state lists which include the number of Walmart and Lowe's locations per state. If you know of another company offering adoption benefits due to tax reform, please email jkartch@atr.org

 

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