The Child Tax Credit After the Economic Growth and Tax Relief Reconciliation Act of 2001

Esenwein, Gregg

Library of Congress. Congressional Research Service.

关键词: Tax credits;    Tax cuts;    Tax deductions;   

RP-ID  :  RS20988
RP-ID  :  RS20988_2003Jan30

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report discusses the child tax credit was initially enacted as part of the Taxpayer Relief Act of 1997. Congress passed the credit because it believed that the tax structure did not adequately reflect a family’s reduced ability to pay taxes as family size increased. The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) increases the child tax credit from its prior law level of $500 to $1,000.