Date: April 19, 2012
House Ways and Means Committee Reports
Budget Reconciliation Legislative Recommendations
to the House Budget Committee
On April 18, 2012, in an effort to find $53 billion in savings over 10 years under the budget reconciliation process, the House Ways and Means Committee approved three legislative proposals that would make changes to subsidized health care and child tax credit programs, and repeal the Social Services Block Grant.
The second of these proposals, approved by a vote of 22-12, is of interest to Social Security.
- Would require a taxpayer to include his or her Social Security number on a tax return to claim the refundable child tax credit.
- Would apply to taxable years beginning after the date of the enactment.