[Congressional Record (Bound Edition), Volume 153 (2007), Part 7]
[House]
[Page 9204]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           THE TAX CREDIT GAP

  (Mrs. MALONEY of New York asked and was given permission to address 
the House for 1 minute.)
  Mrs. MALONEY of New York. Mr. Speaker, American families are leaving 
billions of dollars on the table each year by not claiming tax credits 
that help families pay for child care, to send their children to 
college, save for retirement, or work their way into the middle class.
  Taxpayers claimed nearly $83 billion in tax credits in 2004. But 
families missed out on over $10 billion in unclaimed tax credits, 
according to a new estimate from the Joint Economic Committee. You can 
find this report on my Web site at maloney.house.gov.
  The IRS can help close this tax credit gap by reporting on the 
characteristics of households not taking advantage of these credits. 
This will help us conduct better outreach to families who are missing 
out on credits that reward their hard work and help them get ahead.

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