On the recordMay 23, 2001
I rise today to offer a sense of the Senate amendment in support of the provisions in the bill that expand and extend the child tax credit to millions of working families. The RELIEF Act doubles the maximum child tax credit from $500 to $1,000 per child and extends it by making it partially refundable for 15 cents on every dollar earned above $10,000. These provisions were incorporated in the bill during the Senate Finance Committee markup on a bipartisan basis and, together, these provisions will extend the benefits of the child tax credit to more than 55 million children nationally, as well as 37 million families. Without refundability, almost 16 million of these children would not be eligible for an increased benefit. The overwhelming majority of these children--almost two-thirds--live in working families. This amendment demonstrates our commitment to the child tax credit provisions in this package. I urge support of the amendment.
Source
govinfo.gov




