11. Future bills would slash the obligation further, by eliminating the estate tax, reducing the marriage tax penalty and doubling the child tax credit. 12. He also sought increases in his proposal for child tax credits for middle income families. 13. He also wants to gradually repeal the estate and gift tax, reduce the marriage penalty and double the child tax credit. 14. He too fritters away money on a consumption-oriented child credit. 15. He would also double the child credit, give a break to many couples with two incomes and gradually repeal the estate tax. 16. His bill has several measures favored by Democrats on the committee, including a plan to link the child tax credit to a college savings program. 17. His plan would reduce all income tax rates, double the child credit, provide a break to many two-income couples and phase out the estate tax. 18. His plan would also expand the child tax credit and eliminate income tax for military personnel stationed overseas. 19. If the child tax credit is approved, the IRS would send forms to taxpayers this summer. 20. If you have one or two qualifying dependents, your child tax credit cannot exceed your tax liability. |