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6/11/2003

Tax Cut Issues IV

Tax Cut Issues IV

House GOP Ignores Bush on Child Tax Bill (washingtonpost.com)

The uproar over the child tax credit started only after Bush signed the $330 billion tax cut on May 28. That law delivers advance refunds with up to $400 per child this summer to middle-income families. Families that earn between $10,500 and less than $27,000 were cut out of the payments because their tax level is too low to qualify.

In other words, they paid no taxes and therefore should not receive any taxes "back".