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Publication Date: May 2008
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Sharon Parrott; Arloc Sherman
Research Area: Banking and finance
Keywords: Economic projections; Federal budget; Income diversity; Tax code
Type: Report
Abstract:
The tax "extenders" bill adopted last week in the House Ways and Means Committee (H.R. 6049) would temporarily expand the Child Tax Credit by lowering the earnings threshold that families must meet to qualify for the refundable portion of the credit.Â