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Senate Tax Bill Could Give Millionaires A Child Tax Credit
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14 Nov 2017 04:17 AM EST

Republicans claim tax reform will benefit middle-class families. However, one of the key tax breaks in their proposal, is an increase in the child tax credit, and that will mainly benefit the rich. Under the Senate’s tax bill, couples earning as much as one million dollars would be newly eligible for the proposed child tax credit. Low-income families would see little to no benefit from the increase, because of the way Republican lawmakers structured the credit.

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