The new tax law also encourages higher contributions to retirement plans. You can better prepare for your later years, sending less of your money to Washington, and more into your own savings. I'm especially pleased by what these reforms will do for families that adopt children. Adoptive parents have a special calling, giving a loving home to children who otherwise would have none. And regardless of their expenses, parents who adopt children with special needs will be able to claim this tax credit in the year the adoption is completed.
Tax relief is an important bipartisan achievement.
And now we must build on that momentum to improve our public schools. We are within reach of historic education reform. So far, the signs are very good. Both parties have been working together, and I hope both parties will vote together, as well. The plan I have sent to Congress stresses local control of schools, instead of trying to run the schools from Washington.