 Democratic nominee for president Hillary Clinton meets voters at Wayne State University in Detroit on Monday. (Melina Mara/The Washington Post) By Jim Tankersley Hillary Clinton on Tuesday will propose expanding a tax credit for parents with young children, a move her campaign is billing as a "middle-class tax cut" and which appears to ensure that the Democratic presidential nominee will not propose any across-the-board reductions in income tax rates before the November election. Clinton's announcement, which appears to be one of the final additions to her policy platform, will put hard numbers on her earlier promise to expand the Child Tax Credit. It would double the maximum value of that credit, from $1,000 per child to $2,000 per child up to age 4. It would allow millions more low-income families to claim that credit, her campaign said, by tweaking an income threshold and allowing the refundable credit to be claimed for the first $3,000 that a worker earns. Currently, the refundability kicks in only after the first $3,000 of earnings. The campaign estimated that the expansions would reduce federal-tax revenue by between $150 billion and $200 billion over 10 years and said the revenue would be made up through her proposed tax increases on high earners and Wall Street traders, among others, and would be phased out for higher earners. Clinton's camp also said in a release that the benefit would serve as a "down payment" on further tax-relief proposals targeted at low- and middle-income workers. For working families, Clinton said in the release, "This new tax credit will make their lives a little bit easier." Clinton has already proposed several steps to help working families. Read the rest on Wonkblog. | 
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