Ron Lewis: “I think fairness really is the issue here. When I look at the child tax credit that is refundable to the extent of the…”

“I think fairness really is the issue here. When I look at the child tax credit that is refundable to the extent of the taxpayer's earned income in excess of $10,500, plus the earned income tax credit, the earned income tax credit, here are some numbers that I think are interesting. There are 18 million families receiving earned income tax credits at a cost of $30 billion. $30 billion, 18 million families. I think those numbers need to be looked at. But here are the actual numbers. The head of a household with two children at $10,000 in wages would receive $4,010 in earned income tax credit; $15,000, a refundable child tax credit of $450; earned income tax credit of $3,823; $20,000, $565 child tax credit, an earned income tax credit of $2,770. We are helping those that need this help. And going back to the military, the House-passed bill does not deny the child credit to military families. Military families, including those who are deployed abroad, are already receiving a refundable child credit and will continue to receive a refundable child credit. Under the House-passed bill, the Democrat motion to commit would only increase the credit for some military families by allowing them to take into account tax-free income when they compute their refundable credit. Mr. Speaker, The House-passed bill provides more tax relief to military families because it includes $806 million of military tax benefits.”