Site Search
Google Search
search button

Breaking News:

Honduran Migrant Caravan Paused At Guatemala's Border With Mexico     - | -     Merkel Condemns Khashoggi's Killing     - | -     Russian Threat Still Prevalent     - | -     Saudi Arabia Admits Khashoggi Died In Consulate     - | -     Suicide Attack Kills 15 People In Afghan Capital On Election Day     - | -     Turkey Remains Steadfast Amidst Unraveling Khashoggi Case     - | -     Thousands Rally In Taiwan In Call For Independence From China     - | -     Mega Millions Hits Record Of $1.6 Billion     - | -     GOP Congressman Invokes 'The Deep State'
Senate Tax Bill Could Give Millionaires A Child Tax Credit
Get National News Alerts

viewsViews 1206
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.

Post Your Comment
Excellent Very Good Good Fair Poor

Recently Posted Comments
AllMediaNY AllMediaNY AllMedaiNY