CSPAN Key Capitol Hill Hearings September 16, 2016
Because the deduction is capped, it will be disproportionately and it will benefit working and middle class families. Got to take care of our middle class families. The less you make, the larger the share of your income you can exclude from taxation. Parents will also be enroll a taxfree dependent savings account for their children or elderly relatives. Low income households will benefit from an expanded earned income tax credit in the form of child care rebates and matching 500 contribution for their savings account. A married couple earning 50,000 per year with two children and 8,000 in chil...