Child Tax Credit
White families benefit from the $1,000 child tax credit that President Bush signed into law in 2001 more often than their black and Hispanic counterparts, a report concludes.
According to the report, published by the Tax Policy Center, a collaboration between the Urban Institute and the Brookings Institution, both based in Washington, 50 percent of black children, 46 percent of Hispanic children, and 18 percent of white children did not receive the full $1,000 credit in 2005, because their family incomes were either too low or too high to qualify. Families that earn annual incomes between $10,750 and $110,000 are eligible for at least part of the $1,000 credit for every child under 17.
Vol. 25, Issue 09, Page 15Published in Print: October 26, 2005, as Child Tax Credit