Political Quotes

On the recordJanuary 8, 2009
Yesterday, I joined Senator Lincoln to introduce legislation to make permanent the tremendous change Congress enacted last October to enhance the refundable child tax credit. To assist working families, Congress reduced the amount of earnings a family must have to qualify for the refundable child tax credit to $8,500 for 2008 from the $12,050 that prevailed prior to passage of the Act. Unfortunately, because Congress did not make the incentive permanent, families will have to earn at least $12,550--$4,050 more-- this year to take advantage of the incentive. At a time in which the economy is in recession and many have to work two or even three jobs to put food on the table, it would be unconscionable to make families toil even harder to provide their children with life's necessities. That is why I am so proud to introduce the Working Family Child Assistance Act to permanently set the amount of earnings necessary to qualify for the refundable child tax credit at $8,500.
Said by
Olympia Snowe
Republican · Maine

Editor's note · Context

Introducing legislation to make the refundable child tax credit permanent.

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