The Senate budget would also cut taxes a bit by extending relatively generous rules for refundable credits such as the earned income and child tax credit.
FORBES: Senate Budget's Bad Math: Axing Tax Breaks For Rich, Big Business Isn't Enough
2.
The EITC is a refundable federal income tax credit targeted to low to moderate income working individuals and families since it helps offset Social Security taxes for taxpayers who work but make a limited amount of earned income during the year.
FORBES: IRS Proposes New Regulations for Submitting EITC Claims