Poor people

One of my friends asked me what I thought about Trump’s tax plan and how it would effect low income working people. When the tax rates are lowered most people will pay less tax but for those who don’t pay tax the rate has no bearing so what happens to the 50% of people who pay zero income tax. There are two existing programs that help these people. The first is called earned income credit. This program sends money to low income people who work and have children. It can be a significant amount depending on income. If the family income is $50,000 and they have three children they will receive $6,000 net from the government even though they pay no income tax. These payments will remain unchanged. The child tax credit will be increased from $1,000 per child to $5,000 per child and other things being equal this is a large benefit to low income people who currently pay no income tax.