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Ways and Means Approves $305 Million Tax Break for Retired
The House committee voted a $305 million tax break for retired persons and moved toward expanding credits for child care. It liberalizes the retirement income credit, extending it to earners and those with pension or investment income, with higher maximums. Debates continue on deductions for child care and care for invalid or elderly relatives.
MENTIONED IN THIS ARTICLE
Washington
UPI
House
Ways and Means
Seale Finance Committee
Senate