Democrats want expanded low-income tax credits in tax-break package

Top congressional Democrats are insisting on expanding low-income tax credits as part of a deal to reauthorize, and make permanent, a package of expired temporary tax breaks.

Specifically, Senate Minority Leader Harry Reid said Tuesday that Democrats are demanding that the child tax credit be indexed for inflation as part of a deal on the so-called tax "extenders."

"Until we get that done, we aren't going to be able to do anything else," the Nevadan said during a press conference about Congress' work on the package, which congressional negotiators are hoping to pass in the upcoming weeks.

"We want some kind of middle-class parity," Reid said, referring to the fact that the majority of the tax breaks benefit companies.

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