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Wilson Introduces Legislation to Aid and Protect Taxpayers

January 7, 2009

FOR IMMEDIATE RELEASE
January 7, 2009

CONTACT: Ryan Murphy
(202) 225-2452 (Office)
(202) 689-4825 (Cell)

Wilson Introduces Legislation to Aid and Protect Taxpayers

WASHINGTON – Congressman Joe Wilson (SC-02) issued the following statement today after introducing legislation to make permanent the current $10,000 tax credit for adoptive families and legislation to protect against abuse of government credit cards.

“Many families are eager to adopt a child, but the costs associated with the process can be a major deterrent. By providing tax relief to adoptive families, we can encourage parents to consider adoption and help find homes for the thousands of foster children in the United States. Making adoption more affordable is just one way we can help American families already facing rising health care and education costs.

“American taxpayers entrust their government with trillions of their hard earned dollars. They have every right to expect government to be good stewards of their money. In light of recent audits that have uncovered millions in unauthorized expenditures on government credit cards, Congress has the obligation to step forward and provide agencies with the tools to stop this abuse. It is a commonsense step towards reforming how government does businesses.”

Background on Legislation:
Adoption Tax Relief Guarantee Act (H.R. 213)
• Makes permanent the $10,000 tax credit signed into law in 2001.
• Currently, the tax credit will return to its original level of $5,000 in 2010.
• According to a 2005 adoption cost survey by Adoptive Families, the average cost of adoption was between $20,000 and $25,000.
Government Credit Card Abuse Prevention Act (H.R. 216)
• Provides credit checks for travel card holders and issues restricted cards for individuals with poor credit.
• Maintains records of cardholders and implements periodic personnel reviews.
• Outlines penalties for fraudulent use of travel and purchase cards.

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