President Trump will seek to tighten restrictions on some tax credits to prevent them from being claimed by illegal immigrants, a measure that the administration says is necessary to respect taxpayers and balance the budget.
Trump’s fiscal 2018 budget, set to be released Tuesday, will set higher eligibility standards for the earned income tax credit and the child tax credit, Office of Management and Budget Director Mick Mulvaney said Monday. According to the administration, the measures will save $40 billion over 10 years.
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