Number: RS20847
Title: THE CHILD TAX CREDIT AND THE PRESIDENT'S TAX CUT PLAN
Authors: Gregg A. Esenwein, Government and Finance Division 
Abstract: 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.
Pages: 4
Date: Updated March 30, 2001