What the Tax Compromise Means for Children and Working Families

The United States Senate is considering the Reid Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act based on the Tax Compromise announced by President Obama on December 6. This fact sheet outlines the provisions that will help children and working families, including the extension of Unemployment Insurance, expansions of the Child Tax Credit, Earned Income Tax Credit, Child and Dependent Care Credit, and a payroll tax cut.