SB 107-23: Indexing the Child Tax Credit to Inflation Act (Passed)

[WD]

Closing this in 24 hours

[Joseph Cao]

Nay.

[WD]

Final Vote:

Aye ( 8 ): Western Democrat, Weatherboy, Ishan, Kuumo, FalterinArc, Discolovante, CalamityBlue, Beesley


Nay (7): West Midlander, Mr. R, DeadPrez, Old School Republican, Muad’dib, North Carolina Yankee, Joseph Cao

Not voting (3): Tack, Crane, S019


This bill is passed and goes to the President for his signature or veto.

[WD]

Indexing the Child Tax Credit to Inflation Act
1. The child tax credit is to be indexed to inflation from the 2023 fiscal year onwards.
2. The expenditure of this act is 19 billion dollars from a 0.6% increase in the 40.6% tax bracket which shall be spent over the next ten fiscal cycles.

Passed 8-7-0-3 in the Atlasian Senate assembled,



Western Democrat, President Pro Tempore