Childcare Tax Credit Expire with BUSH Tax Cuts

The Election is over but still fresh in peoples minds is the slogan "The Bush Tax Cuts For Millionaires have got to go". Lost in the shuffle are the Expiring Childcare Tax Credits. These credit's the WGN News report says the poorest of us will get the most benefits. The income they quoted was about 25K -40K.The Child credit right now is $1,000 per child and will go down to $500 per child. The report said many other credits would be lost as well. One of those credits is used for baby sitting. That benefit alone is needed because of the low wage jobs that are available will only pay for the baby sitter and not bring in and extra income.

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