Dark-of-Night Negotiations Left Child Tax Credit Behind, Georgetown Univ. Business Expert Says

June 03, 2003

WASHINGTON DC - June 3, 2003 - Distinguished Teaching Professor Thomas B. Cooke is available to discuss the highlights of the $350 billion tax cut package passed by Congress and signed into law by President Bush on May 28, 2003. Cooke teaches business law and federal taxation at Georgetown University's Robert Emmett McDonough School of Business. Regarding the controversy surrounding the tax cut package, Cooke noted:

"A plan to offer the popular and expanded child tax credit to families at lower-income levels was quietly removed from the bill during last minute negotiations. I wonder just how many members of Congress knew what they were voting for. This issue and controversy will not go away quietly."

Cooke is an experienced guest commentator and frequent national lecturer on federal tax law changes, taxpayer services, education-tax benefits, and tax ethics. He has authored a number of articles on the Taxpayer Relief Act of 1997, the IRS Restructuring and Reform Act of 1998, the Tax Relief and Reconciliation Act of 2001, the Job Creation and Worker Assistance Act of 2002 and the Jobs and Growth Tax Relief Reconciliation Act of 2003. Cooke is editor of The Federal Tax Alert and The Tax Client Newsletter. In January 2003, he testified on Capitol Hill, at the invitation of the IRS Oversight Board, on taxpayer services. Cooke received his Juris Doctor degree and two masters of law degrees from the Georgetown University Law Center. He is admitted to practice before the U.S. Supreme Court and is a member of the federal court bar. Cooke is licensed to practice law in Washington, D.C., Florida and Maryland and has been a member of the Georgetown University faculty for 25 years.