Last-minute change left out 12 million children from tax break: critics Fri May 30, 3:31 PM ET
WASHINGTON (AFP) - A last-minute change to the 350 billion-dollar tax cut bill signed by President George W. Bush this week scrapped a credit for nearly 12 million children in low-income families, analysis showed.
The analysis was released by Center for Budget and Policy Priorities, a budget watchdog group, but the maneuver had already drawn fire from critics of the tax bill who claimed it is skewed toward the wealthy.
The bill provides a tax credit of up to 400 dollars per child, but families with annual incomes between 10,500 and 26,625 dollars were cut out of that benefit in the final compromise draft passed by Congress.
[more at http://story.news.yahoo.com/news?tmpl=story&u=/afp/20030530/ts_afp/us_economy_taxes_030530193127 ]