I would just remind my friend from New Jersey that this is not a joke to many low-income families. Under the motion brought here today, the same low-income families who would benefit from the increased refundability of the child credit would see their credit actually drop in 2005, coincidentally, right after the elections. By contrast the House-passed bill would ensure that the child credit stays at $1,000 per child through the year 2010. I challenge anyone to say that low-income families would need this crucial tax relief any less after 2005. This is not a joke. This is serious business.
Jim Ramstad: “I would just remind my friend from New Jersey that this is not a joke to many low-income families. Under the motion…”
Editor's note · Context
Discussing the implications of tax credit changes for low-income families.
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