Improved Child Tax Credit Introduced in U.S. Senate
Senators Max Baucus and Harry Reid have introduced a tax extenders bill that would lower the income level to qualify for the federal Child Tax Credit (CTC) from the current $12,050 to $8,500, the same amount as in a House-passed bill. The Child Tax Credit is a credit of up to $1,000 to help families with the costs of raising [...]
Taxbreak During a Recession
the system and all is well. I heard a report on the radio today that there is a Republican Congressman who is proposing they take the 350 Billion left from the Bailout Package and give the American People a “Tax Holiday”. I have just confirmed the story
Apparently, Louis Gohmert, Jr. (R-TX) is a rank-and-file Republican [...]