Democratic presidential candidate Mike Bloomberg on Monday released a new proposal that would give a boost to lower-income workers by increasing tax credits for earned income and child care.
"Mike will reform the EITC to make it much more generous, especially for single childless workers," his plan says.
"Mike will reform the EITC to make it much more generous, especially for single childless workers," his plan says. "The credit will be paid monthly not annually. And taxpayers will be helped to apply for the benefits they're entitled to." "Mike will increase the Child Tax Credit, make it fully refundable, and phase it in faster, starting with the first dollar of earnings," the proposal says.
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