Republicans again show their true colors by denying tax credits to the poorest tax payers. Nope. Tax cuts are only for the rich.
--- http://www.newsday.com/news/nationworld/nation/ny-ustax043315975jun04,0,78 02340.story?coll=ny-nationalnews-headlines Setback in House for Child Tax Credit By Anne Q. Hoy WASHINGTON BUREAU. Elaine S. Povich contributed to this story. June 4, 2003 Washington - House Majority Leader Tom DeLay (R-Texas) yesterday delivered a setback to a legislative effort gaining strength in the Senate to restore a child-care tax credit benefit for millions of working families - including some 423,000 in New York - that was eliminated from the newly enacted tax cut law. DeLay said he would not permit legislation making the working poor eligible for the expanded child-care tax credit to come to the House as a separate bill. The tax cut law increased the child-care tax credit to $1,000 from $600 per child. "They had their chance," DeLay said, referring to legislators who worked on the law. "There's a lot of other things that are more important than that. To me it's a little difficult to give tax relief to people who don't pay income taxes." Families cut from the benefit do not earn enough to owe sufficient taxes to use a credit to offset their taxes. To address this, the Senate had called for an expansion of the portion of the child-care tax credit that is refundable as a cash payment to those earning from $10,500 to $26,625. DeLay suggested that supporters could leverage such a change if it were made part of a larger tax cut proposal. Republicans said such a larger bill could remove the cap on the eligibility for the child-care tax credit and make it permanent. His position presented a hurdle for legislation being pressed by Sens. Olympia Snowe (R-Maine) and Blanche Lincoln (D-Ark.) - a bill Sen. Hillary Rodham Clinton (D-N.Y.) also joined - to help those given short shrift by the tax cut law that President George W. Bush signed last week. DeLay's statement came as key Sens. George V. Voinovich (R-Ohio) and John McCain (R-Ariz.) jumped behind the bill. "I would certainly vote for it," McCain said. "I don't understand how you left enlisted men and women out of this tax package. I don't get it." _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
