President to favor shifting tax benefits from wealthy to poor

President to favor shifting tax benefits from wealthy to poor

President Obama will propose a series of changes to the tax code in a budget plan Tuesday that would shift benefits from top earners to middle- and lower-income Americans, the White House said.

In his 2015 budget plan, Obama will propose expanding or making permanent tax credits aimed at the working poor, families with young children, and college students.
Obamaโ€™s budget would also expand access to retirement savings for people who do not have an employer-sponsored retirement plan.

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