President Bush unveiled his fiscal 2009 budget yesterday. It included this encouraging statement about taxes: “I will not jeopardize our country’s continued prosperity with a tax increase. Higher taxes would only lead to more wasteful spending in Washington –putting at risk both economic growth and a balanced budget.”
I’m glad that Bush, unlike his father as president, has proved true to his word on taxes during his seven years in office. Our family is especially grateful for the decision to double the adoption tax credit to $10,000 and peg it to inflation a few years ago. That move significantly eased the financial burden we faced in adopting two daughters and hope.
Congress should make the adoption tax credit and Bush’s other permanent soon. Read my lips, no new adoption penalties.