From the Coalition on Human Needs on 5-12-10
Helping American Families Make Ends Meet
In 2009, Congress made significant improvements to three federal tax credits that help working families with children: the Child Tax Credit, the Earned Income Tax Credit, and the American Opportunity Tax Credit. Targeted to assist low-income working families, these expansions are scheduled to expire after tax year 2010. If they are allowed to expire, working parents earning near or just above the minimum wage will suffer a loss of $1,500 or more. Preserving the tax credit levels set in 2009 will promote work, help with the high cost of raising children, and make college more affordable.
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