Washington (June 16, 2003) -- The All-American Tax Relief Act, which contains the House version of a refundable child tax credit for the "working poor," passed the House by a vote of 224-201. The stage is now set for a contentious conference committee to iron out differences with the Senate version, the Relief for Working Families Tax Bill.
The House bill extends the increase in the child tax credit of $1,000 through 2010 and accelerates the increase in the refundable child credit to 15 percent. The bill eliminates the marriage penalty in the child credit by raising the phase-out threshold for married couples to $150,000.
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