Contact: Jon Peacock 608-284-0580 x 307
Congressional leaders contend that working families would benefit from their tax cut plan because of an increase in the maximum value of the federal Child Tax Credit (CTC). However, that part of the bill completely excludes 159,000 children in Wisconsin whose parents work in low-paying jobs, according to a new analysis.
House leaders intend to hold a floor vote on their tax plan this week. The Senate tax plan is likely to be voted on after Thanksgiving.
A new report from the Washington, DC-based Center on Budget and Policy Priorities concludes that about...