Bayh Discusses Child Tax Credit
(UNDATED) - Indiana Senator Evan Bayh visited the Day Nursery Clarian Center to tote his co-sponsored middle class opportunity act.
The legislation calls for doubling the child tax credit in the first year and expanding the dependent care tax credit to offer a full 35-percent for families earning up to $100,000 dollars. Currently families earning more than $43,000 dollars are reduced to a 20-percent credit. The legislation would offer an additional 450 dollars per child.
Bayh says the bill would cost about 20 billion dollars over 4 years. The Senator says he is cautiously optimistic the legislation will go through, Bayh says "gridlock is the biggest enemy of progress" but thinks this legislation has a better chance than normal of passage.
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