,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #hba  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,febru>y #b1 #bjag,ms4
 ,de,lauro 7= h]self1 ,ms4 ,pelosi1 ,mr4
 ,neal1 ,mr4 ,doggett1 ,mr4 ,lev91 ,mr4 
,cr[ley1 ,mr4 ,lewis ( ,georgia1 ,mr4   
,mc,govern1 ,mr4 ,b5 ,ray ,lujn ( ,new  
,mexico1 ,mr4 ,l>son ( ,connecticut1    
,ms4 ,sn*ez1 ,mr4 ,gutirrez1 ,mr4       
,pascrell1 ,mrs4 ,d+ell1 ,mr4 ,meeks1   
,ms4 ,norton1 ,mr4 ,soto1 ,mr4 ,danny   
,k4 ,davis ( ,ill9ois1 ,mr4 ,khanna1    
,ms4 ,e/y1 ,mr4 ,butt]field1 ,ms4       
,s*ak[sky1 ,mrs4 ,lawr5ce1 ,mr4 ,k5n$y1 
,ms4 ,slaught]1 ,ms4 ,%ea-,port]1 ,mr4  
,br5dan ,f4 ,boyle ( ,p5nsylvania1 ,mr4 
,hoy]1 ,ms4 ,e%oo1 & ,ms4 ,wass]man     
,s*ultz7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to increase ! *ild cr$it 
= *ildr5 "u ! age ( #f1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,*ild ,tax ,cr$it          
,improvem5t ,act4  #b4 ,f9d+s ,congress 

f9ds ! foll[+3  7#a7 ,accord+ to !      
,supplem5tal ,pov]ty ,measure ( !       
,bureau ( ! ,c5sus1 ! ,*ild tax cr$it & 
e>n$ income tax cr$it lift m *ildr5 out 
( pov]ty ?an any o!r ,f$]al policy4     
,accord+ to rese>* publi%$ by ! ,c5tury 
,f\ndation1 ! *ild tax cr$it alone n[   
lifts ne>ly #a 9 #h *ildr5 :o w\ld      
o!rwise be poor out ( pov]ty4  7#b7     
,despite ! success ( ! *ild tax cr$it1  
economi/s h f\nd t families ) "y *ildr5 
(t5 receive ! smalle/ *ild tax cr$its   
because !y d n yet h en\gh income to    
receive ! full b5efit ( ! cr$it4  7#c7  
,p$iatricians & o!r *ild developm5t     
exp]ts h long talk$ ab\t ! critical     
importance ( ! e>lie/ ye>s ( life4  7#d7
 ,economi/s h f\nd simil> effects ( !   
importance ( income 9 ! e>lie/ ye>s )   
returns to s*ool a*ievem5t4  7#e7 ,"y   
*ildr51 includ+ babies & toddl]s1 are   
among ! poore/ p 9 ! c\ntry by age4     
7#f7 ,economi/s h f\nd t l>ge           
fluctuations 9 a family's income c be   
detrim5tal to ! developm5t ( "y *ildr54 

,rese>* on sc>city has f\nd x is h>d =  
p>5ts to focus on *ildr5 if !y are      
worry+ ab\t hav+ suffici5t income to    
meet _! family's ne$s4  7#g7 ,index+ !  
value ( ! *ild tax cr$it w\ld end ! sl[ 
erosion ( ! *ild tax cr$it due to       
inflation4  #c4 ,"y *ild tax cr$it  7a7 
,special rule = "y *ildr5 ,section #bd (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by add+ at ! end ! foll[+3  7h7   
,"y *ild tax cr$it  7#a7 ,9 g5]al ,9 !  
case ( a "y qualify+ *ild1 subsection   
7a7 %all be appli$ = ! taxable ye> 7aft]
 ! application ( subsection 7i77 by     
sub/itut+ #c1fjj = #a1jjj4  7#b7 ,"y    
qualify+ *ild ,= purposes ( p>agraph    
7#a71 ! t]m "y qualify+ *ild means a    
qualify+ *ild :o has n atta9$ age #f z (
 ! close ( su* taxable ye>4  7#c7       
,limitation bas$ on adju/$ gross income 
,= purposes ( apply+ subsection 7b7 )   
respect to a "y qualify+ *ild1 p>agraph 
7#a7 ( subsection 7b7 %all be appli$ by 
sub/itut+ #ahj = #ej4  7#d7 ,cr$it      
refundable ,! aggregate cr$its all[$ to 

a taxpay] "u subp>t ,c %all be increas$ 
by ! cr$it :i* w\ld be all[$ "u ?is     
section )\t reg>d to ?is subsection1    
subsection 7d71 & ! limitation "u       
section #bf7;a74 ,! am\nt ( ! cr$it     
all[$ "u ?is subsection %all n be treat$
 z a cr$it all[$ "u ?is subp>t & %all   
r$uce ! am\nt ( cr$it o!rwise all[able  
"u subsection 7a7 )\t reg>d to section  
#bf7;a74  7#e7 ,reconciliation ( cr$it &
 advance cr$it  7,a7 ,9 g5]al ,! am\nt (
 ! cr$it all[$ "u subsection 7a7 by     
reason ( p>agraph 7#a7 = any taxable ye>
 %all be r$uc$ 7b n bel[ z]o7 by !      
aggregate am\nt ( any advance paym5ts ( 
su* cr$it "u section #gebg;,a = su*     
taxable ye>4  7,b7 ,excess advance      
paym5ts ,if ! aggregate am\nt ( advance 
paym5ts "u section #gebg;,a = ! taxable 
ye> exce$s ! am\nt ( ! cr$it all[$ "u   
subsection 7a7 by reason ( p>agraph 7#a7
 = su* taxable ye> 7det]m9$ )\t reg>d to
 subp>agraph 7,a771 ! tax impos$ by ?is 
*apt] = su* taxable ye> %all be increas$
 by ! am\nt ( su* excess4  4  7b7       

,advance paym5t ( cr$it ,*apt] #gg ( su*
 ,code is am5d$ by ins]t+ aft] section  
#gebg ! foll[+ new section3  #gebg;,a4  
,advance paym5t ( "y *ild tax cr$it  7a7
 ,9 g5]al ,z soon z practicable & n lat]
 ?an #a ye> aft] ! date ( ! enactm5t (  
?is section1 ! ,secret>y %all e/abli% a 
program = mak+ advance paym5ts ( ! cr$it
 all[$ "u section #bd by reason (       
subsection 7h7 !re( on a mon?ly basis1  
or z frequ5tly z ! ,secret>y det]m9es to
 be adm9i/ratively feasible1 to taxpay]s
 all[$ su* cr$it 7det]m9$ )\t reg>d to  
section #bd7;h77#e77;,a774  7b7         
,limitation ,! ,secret>y may make       
paym5ts "u subsection 7a7 only to !     
ext5t t ! total am\nt ( su* paym5ts made
 to any taxpay] dur+ ! taxable ye> does 
n exce$ ! am\nt det]m9$ "u section      
#bd7;h7 ) respect to su* taxpay]        
7det]m9$ )\t reg>d to subsections 7b7 & 
7f7 ( su* section74 ,su* program %all   
make reasonable ef=ts to apply !        
limitation ( section #bd7;b7 ) respect  
to paym5ts made "u su* program4  4  7c7 

,con=m+ am5dm5ts  7#a7 ,section         
#fbaa7;b77#d77;,a7 ( su* ,code is am5d$ 
by ins]t+ #bd7;h71 aft] #bd7;d714  7#b7 
,section #fdjb7m7 ( su* ,code is am5d$  
by ins]t+ or 7h7 aft] subsection 7d74   
7#c7 ,! table ( sections = *apt] #gg (  
su* ,code is am5d$ by ins]t+ aft] ! item
 relat+ to section #gebg ! foll[+ new   
item3  ,sec4 #gebg;,a4 ,advance paym5t (
 "y *ild tax cr$it4  4  7#d7 ,section   
#acbd7;b77#b7 ( title #ca1 ,unit$ ,/ates
 ,code1 is am5d$ by ins]t+ #bd7;h71 be=e
 #be;,a14  7d7 ,effective date  7#a7 ,9 
g5]al ,! am5dm5ts made by ?is section   
%all apply to taxable ye>s beg9n+ aft]  
,decemb] #ca1 #bjaf4  7#b7 ,advance     
paym5t program ,! ,secret>y ( !         
,treasury1 or 8 designee1 %all e/abli% !
 program describ$ 9 section #gebg;,a ( !
 ,int]nal ,rev5ue ,code ( #aihf 7z add$ 
by ?is section7 n lat] ?an su* date4    
#d4 ,modifications ( ! *ild tax cr$it   
7a7 ,refundable portion ,clause 7i7 (   
section #bd7;d77#a77;,b7 ( ! ,int]nal   
,rev5ue ,code ( #aihf is am5d$ to read z

 foll[s3  7i7 #de p]c5t ( ! taxpay]'s   
e>n$ income 7)9 ! mean+ ( section #cb7  
:i* is tak5 into acc\nt 9 comput+       
taxable income = ! taxable ye>1 or  4   
7b7 ,effective date ,! am5dm5ts made by 
subsection 7a7 %all apply to taxable    
ye>s beg9n+ aft] ,decemb] #ca1 #bjaf4   
#e4 ,adju/m5ts = inflation  7a7 ,9 g5]al
 ,section #bd ( ! ,int]nal ,rev5ue ,code
 ( #aihf1 z am5d$ by sections #c & #d1  
is am5d$ by add+ at ! end ! foll[+ new  
subsection3  7i7 ,inflation adju/m5ts   
7#a7 ,cr$it am\nt g5]ally ,9 ! case (   
any taxable ye> beg9n+ 9 a cal5d> ye>   
aft] #bjaf1 ! #a1jjj am\nt conta9$ 9    
subsection 7a7 %all be increas$ by an   
am\nt equal to--  7,a7 su* doll> am\nt1 
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ cal5d> ye> #bjaj = 
cal5d> ye> #aiib 9 subp>agraph 7,b7     
!re(4  7#b7 ,"y *ild cr$it am\nt ,9 !   
case ( any taxable ye> beg9n+ 9 a cal5d>
 ye> aft] #bjag1 ! #c1fjj am\nt conta9$ 

9 subsection 7h77#a7 %all be increas$ by
 an am\nt equal to--  7,a7 su* doll>    
am\nt1 multipli$ by  7,b7 ! co/-(-liv+  
adju/m5t det]m9$ "u section #a7;f77#c7 =
 ! cal5d> ye> 9 :i* ! taxable ye> beg9s1
 det]m9$ by sub/itut+ cal5d> ye> #bjaf =
 cal5d> ye> #aiib 9 subp>agraph 7,b7    
!re(4  7#c7 ,r\nd+ ,any increase det]m9$
 "u p>agraph 7#a7 or 7#b7 %all be r\nd$ 
to ! ne>e/ multiple ( #ej4  4  7b7      
,effective date ,! am5dm5ts made by     
subsection 7a7 %all apply to taxable    
ye>s beg9n+ aft] ,decemb] #ca1 #bjaf4