9.23.2004

Screw you too

Panel OKs Extension of Tax Cuts

At the last minute, the Republican leaders of the conference committee decided to extend, generally for one year, nearly two dozen business tax breaks. The largest one of these would extend a research and development tax credit for one year at a cost of $7.56 billion.
...
Sen. Blanche Lincoln, D-Ark., also was unsuccessful in efforts to expand the part of the child tax credit that is refundable to low-income wage earners with children.

``This would provide additional tax relief for working families,'' she said, arguing that her provision would have benefited more than 4 million families whose earnings are too low to take full advantage of the refundable child tax credit.

via NYTimes

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