Biden’s stimulus proposal would boost these tax credits for families
US President-elect Joe Biden speaks at The Queen theater in Wilmington, Delaware on January 7, 2021, to announce key nominees for the Justice Department.Jim Watson | AFP | Getty ImagesPresident-elect Joe Biden's stimulus proposal includes a bevy of tax credits aimed at stabilizing the finances for American families.Biden's pandemic aid plan, which he unveiled Thursday night, calls for an expansion of key tax credits families currently receive to help contend with the cost of raising children.Those proposals are significant for low-income families, which have suffered the most amid the pandemic as the hospitality and retail industries have shed jobs over the course of 2020."In the world of people who care about low-income children, this is really big news," said Elaine Maag, principal resea...