Mike Levin: “I will support this bipartisan tax reduction bill. This package has the right priorities, emphasizing education for…”

“I will support this bipartisan tax reduction bill. This package has the right priorities, emphasizing education for young people, health coverage for children, and tax relief for working families. It represents a significant improvement over the bill originally passed by the Senate, which I opposed. The improvements in the bill over the Senate bill are numerous. For instance, the $500-per-child tax credit has been greatly expanded to include more working families with children. Last week, I highlighted several Michigan families that would receive significant benefits under the $500 per child tax credit in the President's plan but would receive no benefit under the House or the Senate bills. The compromise agreement grants those Michigan families substantially the same benefits that the President's plan would. One of those working families is the Ginn family from Saginaw, Michigan, with an income of $25,000 per year, who would receive no benefit under the $500-per-child credit in the Senate bill but would receive more than $1,200 in tax credits under the compromise version.”