Mike Levin: “It is important we understand what the issue is here today and where there is a difference. It is not a question of…”

“It is important we understand what the issue is here today and where there is a difference. It is not a question of extending the child credit; we favor its extension. It is not a question of accelerating the 15 percent refundability; Democrats support it and urged it before. It is not a question relating to military families; we Democrats have been urging that before and support it now. So what is the issue here? ... Part of it relates, and now I am talking about the differences between the substitute and this bill, to low-income working families. The substitute would provide more benefits because for working families the threshold was indexed. We want to de-index it. That will help 2.5 million working families. We also want to increase the benefit for every family by indexing the credit. I also now want to point out two additional major differences. This is not only an extension, this is a new tax break. This is not only an extension of this credit, this is a new tax cut.”