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Presenters outline "working families" tax cuts, say family of three could see $4,000 refund
Summary
Presenters described a "working families" tax cut package that would raise the standard deduction and child tax credit; they said a family of three could receive a refund of more than $4,000 and a $1,000 deposit for a newborn (term in transcript: "Trump account").
A presenter outlined a proposal called the "working families tax cuts," saying it would raise the standard deduction and expand the child tax credit to provide immediate cash and small savings for children.
"We enhance the standard deduction and the child tax credit," Speaker 2 said, describing the measure as aimed at "helping growing families." Speaker 2 gave an example meant…
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