Working Family Tax Relief Act of 2001 - Amends the Internal Revenue Code to make revisions under which: (1) a husband and wife may make a combined return with separate rates; (2) estate taxes will be reduced; (3) there will be a deduction for qualified higher education expenses; (4) greater benefits will be applicable towards child care expenses; (5) there will be a credit for givers of long-term care to family members; (6) the earned income credit will be increased for two or more qualified children and other modifications will be made to the credit; (7) 100 percent of the health insurance costs of the self-employed will be deductible; (8) credits for pension plans will be increased; and (9) the adoption credit will be expanded.
Actions
Mar 15, 2001
Committee on Finance. Hearings held.
Jan 22, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S146-155)