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1 (September 1, 2000)

handle is hein.crs/crsmthaazvq0001 and id is 1 raw text is: 
     Order Code RS20470
Updated September 1, 2000


  The Earned Income Tax Credit:

Current Issues and Benefit Amounts

                 Melinda T. Gish
            Analyst in Social Legislation
            Domestic Social Policy Division


Summary


Recent Developments


    On August 5, 2000, President Clinton vetoed the Marriage Tax Relief
Reconciliation Act of 2000 (H.R. 4810). The Senate had approved the conference report
on July 21, 2000, one day after the House approved the measure. The bill would have
increased the EITC phase-out limit for married couples filing joint returns by $2,000, in
an effort to prevent low-income couples who marry and file jointly from seeing a
reduction in their EITC benefits. This provision would have become effective in tax year
2001 and would have sunset on December 31, 2004.

    Earlier, on June 28, 2000, the Senate Committee on Finance approved a version of
the Marriage Tax Relief Reconciliation Act of 2000 that would have increased the EITC
income phase-out limit for married couples filing joint returns by $2,500, rather than the
$2,000 amount agreed to in conference and included in the bill vetoed by the President.
With the exception of the sunset date, the provision as reported out of committee mirrored


Congressional Research Service °* The Library of Congress


CRS Report for Congress

           Received through the CRS Web

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