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to the child tax credit, so it keeps up with the cost of raising children, said Rep. Dave Camp R Mich. , chairman of the tax writing House Ways and Means Committee. The White House said the bill favors high income taxpayers over the poor, while adding $90 billion to the budget deficit over the next decade. Five million of the poorest low income families would lose the credit in 2018, the White House said. An additional 6 million low income families would see the amount of their tax credits reduced.
ucing their tax bills by nearly $57 billion. House Republicans say the bill would strengthen the tax credit by increasing it as inflation rises, and by making it available to even more middle income families. is time we make some simple improvements Replica Dolce And Gabbana Womens Shoes
new Republican rhetoric on poverty is no match Caterpillar Shoes Girls for the deeply troubling actions they have repeatedly taken, and continue to take, with this legislation today, said Rep. Sander Levin of Michigan, the senior Democrat on the Ways and Means Committee. bill leads to harm for millions of low and middle income families and their children. Republicans dispute the Democrats argument, saying the bill is silent on low income families. Current law calls for Obama enhancement for low income income families to expire. The bill simply lets it happen. opponents Dolce And Gabbana Cinderella Pumps
make a false claim, that somehow this bill eliminates benefits for millions of low income families, Camp said.
just wrong. current law, the child tax credit is gradually reduced and phased out for individuals making more than $75,000 a year and married couples making more than $110,000 a year. House Republicans say the income limit for married couples amounts to a marriage penalty because it less than double the limit for single tax filers. The bill would increase the income threshold for married couples to $150,000, allowing more families with higher Clarks Shoes Boys
incomes to claim it. The bill would index the income limits to inflation, meaning they would increase over time as consumer prices rise. The amount of the credit would also incr.
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