A Little Credit, Please

Washington, D.C.

THE $500-per-child tax credit, long favored by social conservatives such as Marshall Wittmann and Ralph Reed of the Christian Coalition and Gary Bauer of the Family Research Council, has just become Republican Party policy. A key plank in Newt Gingrich’s Contract with America, the child credit shows the new political muscle of the Christian Right. It also shows the GOP’s explicit commitment to promoting traditional families. And while the family tax credit by itself will not enhance long term economic growth, it could well represent a significant step in the GOP effort to reclaim middle-class voters who deserted George Bush in 1992.

About the Author

Larry Kudlow

Larry Kudlow is the author of JFK and the Reagan Revolution: A Secret History of American Prosperity, written with Brian Domitrovic.

Washington, D.C.

THE $500-per-child tax credit, long favored by social conservatives such as Marshall Wittmann and Ralph Reed of the Christian Coalition and Gary Bauer of the Family Research Council, has just become Republican Party policy. A key plank in Newt Gingrich’s Contract with America, the child credit shows the new political muscle of the Christian Right. It also shows the GOP’s explicit commitment to promoting traditional families. And while the family tax credit by itself will not enhance long term economic growth, it could well represent a significant step in the GOP effort to reclaim middle-class voters who deserted George Bush in 1992.