Congress is still debating what to do about the Dec. 31, 2010, expiration of tax cuts from 2001 and 2003 and of critical tax credits such as the expansions made in 2009 to the Earned Income Tax Credit and the Child Tax Credit.
Spending issues took up most of Congress’ time just before the Independence Day recess and will continue to be a major focus throughout the year.
Bread President David Beckmann was invited to testify before the President’s Fiscal Commission June 30, where he urged members to protect low-income families, particularly in difficult economic times, as they consider recommendations to balance the federal budget.
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