Friday, October 3, 2008

Chil Tax Credit Passes w/ Bailout bill

In case some of you were thinking the additional riders attached to the Wall Street bailout bill were all sweeteners for the Rich and Famous, here is some good news from RESULTS today...
As you have probably heard, the House of Representatives passed the Wall Street bailout bill this afternoon, 263-171. President Bush has signed the bill into law. The bill does include the $8,500 threshold for the Child Tax Credit that RESULTS has championed these last few months, which will benefit 13 million children and their families in 2008. Also, in a separate bill, the House approved an extension of unemployment benefits (an additional seven weeks of benefits), 368-28, an issue RESULTS has also pushed as part of an economic recovery package in recent months. That bill now goes to the Senate, which is not expected to act on it until after the election.

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