The Child Tax Credit and the President's Tax Cut Plan

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Description

The child tax credit was enacted as part of the Taxpayer Relief Act of 1997. The current credit is $500 per qualifying child. President Bush has proposed increasing the child tax credit to $1,000 per qualifying child. The President has also proposed making permanent the temporary rule in current law that allows the child tax credit to offset a taxpayer’s alternative minimum tax.

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4 pages.

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Esenwein, Gregg A. March 30, 2001.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by the UNT Libraries Government Documents Department to the UNT Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 87 times. More information about this report can be viewed below.

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Description

The child tax credit was enacted as part of the Taxpayer Relief Act of 1997. The current credit is $500 per qualifying child. President Bush has proposed increasing the child tax credit to $1,000 per qualifying child. The President has also proposed making permanent the temporary rule in current law that allows the child tax credit to offset a taxpayer’s alternative minimum tax.

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4 pages.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.

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  • March 30, 2001

Added to The UNT Digital Library

  • June 12, 2005, 7:40 a.m.

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  • April 13, 2026, 6:59 p.m.

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Esenwein, Gregg A. The Child Tax Credit and the President's Tax Cut Plan, report, March 30, 2001; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metacrs1968/: accessed October 5, 2026), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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