Article: How spending and tax bills differ from current law.(Originated from Knight-Ridder Newspapers)

WASHINGTON _ Here are highlights of the budget agreement and how they compare with current law. Income figures are for adjusted gross incomes.

CHILD TAX CREDIT

Current law:

_No provision

Agreement:

_Couples with incomes up to $110,000 and single parents with incomes up to $75,000 would be eligible for a child tax credit, if they pay income taxes. (A tax credit is a rebate on taxes.)

_The credit would be worth as much as $400 for each child age 16 and younger in 1998, and as much as $500 per child in 1999 and thereafter.

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