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  • Congress eliminates child tax credit and EITC from tax code (Hoax)

    11/18/2014 8:53:03 PM PST · by 2ndDivisionVet · 60 replies
    The Richmond Voice ^ | November 18, 2014
    Congress has voted to remove the child tax credit, the earned income tax credit and the mortgage interest deduction from the tax code starting with the 2014 fiscal year. The move is almost assured to solidify the perception of the 113rd Congress of the United States as deeply disconnected from the struggles and desires of the populace it is supposed to serve. The move, long championed by entitlement reform advocates like congressman Paul Ryan R-Wisconsin and Ted Cruz R-Texas, will cut entitlement payouts by a staggering 177 billion dollars. 54.33 billion dollars in savings will be realized from discontinuing the...