Business Services Industry
Congress Takes New Look at Child-Tax Credit.
Knight Ridder/Tribune Business News, June, 2003
By David Lightman, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Jun. 4--WASHINGTON -- Congress returned to Washington Tuesday and immediately began moving to correct what many members saw as a gaping hole in the tax bill it hurriedly passed before vacation.
First, though, politics got in the way.
The problem is the newly expanded child tax credit -- which, it turns out, will not be available to the working poor.
Democrats maintained the lapse in the $350 billion tax cut signed last week by President Bush was a sneaky Republican ploy, and in retaliation began blocking routine legislation from passing. They're threatening to continue that strategy indefinitely.
"What kind of perverse Robin Hoods steal...
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