Clinton's Child Tax Credits to Help Low-Income Parents at a Cost of $200 Billion

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Clinton's Child Tax Credits to Help Low-Income Parents at a Cost of $200 Billion

Oct, 16th 2016

Hillary Clinton on Tuesday rolled out a new tax break that, if enacted, would put more money into the pockets of working parents with very young children.

The Democratic presidential candidate said she would push for a doubling of the current $1,000 tax credit for children ages 4 and under. An estimated 15 million children would be eligible.

The new help would come in the form of a tax credit, which cuts the amount of federal taxes owed dollar for dollar. Translation: If you owe $3,000 in income taxes, but you have a new baby, your tax bill would fall to just $1,000.

Even people who earn too little to owe income taxes would get cash back from the U.S. Treasury. "It's just like the tax...

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