Showing posts with label American Family Act. Show all posts
Showing posts with label American Family Act. Show all posts

Saturday, April 27, 2019

Five reasons why strengthening the EITC and CTC is the kind of tax reform America needs

  As Americans filed their taxes this season—a process filled with confusion for many and startlingly small refunds for some—Democrats in Congress offered a sharp contrast to President Donald Trump’s unpopular tax law in the form of two ambitious tax plans that actually work for working families. While Trump’s 2017 tax law rewrote the tax code to further enrich millionaires, billionaires, and wealthy corporations, congressional Democrats’ proposals—the American Family Act (AFA) and the Working Families Tax Relief Act (WFTRA)—would double down on two of the tax code’s most effective income boosters for working and middle-class families: the earned income tax credit (EITC) and the child tax credit (CTC).