Articles > Newspapers > U.S. Newspapers, Major Markets > Knight Ridder/Tribune News Service news wires > July 1997

Article: How balanced-budget proposal differs from current law.(Originated from Knight-Ridder Newspapers)

Article from:
Knight Ridder/Tribune News Service
Article date:
July 30, 1997
Copyright

WASHINGTON _ Here is a summary of differences between the budget agreement and current law. Income figures are for adjusted gross incomes.

CHILD TAX CREDIT

Current law:

_No provision

Agreement:

_Families with incomes between $18,000 and $110,000 (up to $75,000 for single parents) would get a tax credit of as much as $400 for each child age 16 and younger in 1998, $500 per child in 1999 and thereafter. The tax credit would begin phasing out for higher incomes. (A tax credit is a rebate on taxes.)

CAPITAL GAINS-INVESTMENTS

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: REP. REYNOLDS INTRODUCES BILL TO EXPAND NEW MARKET TAX ...
US Fed News Service, Including US State News;  October 16, 2007 ;     647 words ... ... Act of 2007. The bill would expand a current-law tax credit program - the New Markets Tax Credit (NMTC) - to provide a new, special allocation ... Established by Congress in 2000, the New Markets Tax Credit (NMTC) program provides individual and ...

Transcript: CONGRESSMAN NUSSLE JOINS COLLEAGUES INTRODUCING BILL TO EXTEND ...
Capitol Hill Press Releases;  September 17, 1997 ;     559 words ... ... to extend the ethanol tax credit to the year 2007. Under current law, the tax credit is scheduled to sunset ... eliminate the ethanol tax credit immediately, or two years ... earlier than intended under current law. Nussle said he 'hit ...

Article: REP. GIFFORDS URGES HOUSE AND SENATE TO RECONCILE DIFFERENCES ON ...
US Fed News Service, Including US State News;  September 26, 2008 ;     520 words ... ... provide power to about 70,000 homes but it will not be built without extension of the tax credits. Under current law, the tax credit is scheduled to expire at the end of 2008. The legislation passed by the House today is similar - but not ...

Article: Who Benefits If Level at Which Child Tax Credit ...
U.S. Newswire;  June 5, 2003 ;     700+ words ... ... analysis of the child tax credit by Robert Greenstein ... impression that under current law, the child tax credit is not available ... 000. -- Child Tax Credit Phaseout for Married ... 3 Current law Credit begins to ...

Article: SEMI President Urges Governor Wilson to Sign AB 397 into Law; ...
Business Wire;  September 27, 1995 ;     700+ words ... ... increase California's R&D tax credit from 8 to 10 percent. It would ... California Manufacturers Investment Tax Credit Law. This amendment would make ... Varian are not eligible under current law for the tax credit for their special building construction ...

Article: Senate OKs broader tax credit: Thousands of W.Va. ...
Charleston Daily Mail;  June 6, 2003 ;     688 words ... ... 400 boost in the refundable tax credit to minimum wage workers ... supporters agreed to extend the tax credit to wealthier married couples ... increase later this summer. Current law provides a refundable tax credit to just 10 percent of a parent ...

Article: Capito measure would expand child tax credit, ...
Charleston Daily Mail;  June 5, 2003 ;     575 words ... ... measure to expand the child tax credit to millions of low-income ... would extend the refundable tax credit to 30,000 families in the ... 10,500 and $26,625. Current law provides a refundable tax credit to just 10 percent of a parent ...

Article: Nebraska's beginner tax credit draws few younger ...
Knight Ridder/Tribune Business News;  September 13, 2004 ;     700+ words ... ... projected to tap into the Beginning Farmer Tax Credit for about $1 million each year. But since ... hearing said, is to increase the amount of the tax credit. The current law allows a refundable tax credit of 5 percent of a farmer's cash-rent ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives