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CNN - realpeople (Page 4)

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CNN - realpeople

Paid for by Gore/Lieberman, Inc.
MAKING $35,000
A couple from Michigan has two children ages 2 and 4. The husband earns $24,700 as a
short-order cook. The wife works full-time at the corner supermarket and earns the
minimum wage. They have two children, a 2 year old in childcare and a 4 year old who has
just started preschool. They are saving $10 every week for a down payment on a home.

Gore -
Bush -
Tax Cuts for Working Families
Marriage Penalty Relief
Child / Childcare Tax Credit
Tax Credit for Savings
EITC Expansion
Other Tax Cuts
Total Tax Cut
Minimum Wage Increase
Expanding Health Coverage
Qualified Universal Pre-School
Total Savings For Families
See appendix for details on tax calculations.
The Gore-Lieberman proposal makes the childcare tax credit refundable, so this family enjoys the full benefit of the
expansion. The Bush-Cheney plan has a non-refundable child tax credit. Since this family has its tax liability eliminated, its
child tax credit would be greatly curtailed.
Al Gore and Joe Lieberman have proposed to increase the minimum wage by $1 from $5.15 an hour to $6.15 an hour.
See appendix for details on health calculations.
This is the estimated savings on childcare. The value to the family could be even greater.

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