U.S. Sen. Mike Lee of Utah
WASHINGTON, D.C., November 30, 2017 (LifeSiteNews) – Important family-centric legislation has been introduced by U.S. Senators Marco Rubio of Florida and Mike Lee of Utah during the final hours of debate before the Senate votes on Capitol Hill’s first meaningful tax reform in decades.
The U.S. House of Representatives has already passed a bill that includes a raise in the Child Tax Credit (CTC) from its current level of $1,000 to $1,600.
The Rubio-Lee Amendment proposes two important changes to the House tax reform package. First, it would raise the CTC to $2,000. Second, and perhaps far more important to many families of more modest means, the CTC would be refundable not just against income taxes but also against payroll taxes.
This would be an enormous boon to low income families who don’t earn enough money to fully benefit from an increased CTC.
“We have a chance to do better by working families in this tax bill,” explained Senator Lee in a statement. “Right now, 70 percent of the tax cuts we’re considering would go to businesses, and only 30 percent to individuals. This amendment would level the
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