Tax Reform

President Trump’s budget would restrict eligibility for two credits. President Trump’s budget proposal for the 2018 fiscal year, titled “A New Foundation for American Greatness,” aims to cut approximately $3.6 trillion in government spending over the next decade. Some of the cuts would be attributable to eligibility changes relating to the earned income tax credit (EITC) and the child tax credit (CTC), and some would result from specific actions undertaken by the IRS to reduce improper payments made by the government.