Washington (June 4, 2003) -- The accelerated refund of the child tax credit to low-income families, dropped from the just-passed tax relief law, is being revived in separate proposals by Sen. Chuck Grassley, chairman of the Committee on Finance, and Sens. Blanche Lincoln, D-Ark., and Olympia J. Snowe, R-Maine.
Under the Lincoln-Snowe proposal, families with income between $10,500 and $26,625 would receive the credit in the form of the $400 per child checks to be mailed in July. The bill has 25 cosponsors, including three Republicans.
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