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To: Oeconomicus who wrote (157623)	6/3/2003 11:10:08 PM
From: Alomex	Read Replies (2) \| Respond to of 164684

the "tax cuts for the wealthy" myth has been thoroughly debunked.... And no tax credits were cut either, but don't let facts get in the way of high-quality blather. There you go drinking the lemonade. Here are the facts for those who still care about such unimportant details: cnn.com Grassley to introduce child tax-credit legislation Focus on low-income families Tuesday, June 3, 2003 Posted: 1:55 AM EDT (0555 GMT) Story Tools VIDEO CNN's Kate Snow says families making less than $26,625 a year won't benefit from the child tax credit bill just signed by President Bush (May 29) PLAY VIDEO RELATED • Bush signs tax-cut bill • CNN/Money: Families and the tax bill • Senate passes tax-cut bill • House approves tax-cut bill WASHINGTON (CNN) -- With Democrats complaining that low-income families were shortchanged in the latest round of tax cuts, Sen. Charles Grassley, R-Iowa, plans to introduce legislation this week to extend and expand the increase in the child tax credit. "Some of us in Congress wanted more family tax relief in this package than what we ultimately passed," Grassley, the chairman of the Senate Finance Committee, said in a statement. Tough negotiations with the House, he said, meant that some provisions were stripped out. Grassley's bill is intended to address complaints that several million low-income households gained little or nothing from the tax cut bill just signed into law. That bill boosted the child tax credit for most families from $600 to $1,000 through 2005, when the credit is scheduled to revert to the lower number. But a provision that would have extended the child tax credit to families making between $10,500 and $26,626 was excluded from the final bill signed by President Bush.