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Biden's budget would cut taxes for all low-income households but especially parents, analysis shows

1 month ago   |   By Business Insider

Summary List Placement President Joe Biden's recent budget proposal included changes in the tax code that would hike taxes for corporations while expanding tax credits for families.
A recent analysis found these changes would dramatically cut taxes for families with children in 2022 - and for all low-income Americans.
The Tax Policy Center's Howard Gleckman released an analysis on June 9 studying the impact of Biden's budget on American households. He found that Biden's proposals to expand the child tax credit and Earned Income Tax Credit, along with a corporate tax hike to fund...
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