Democrats to pitch aggressive middle-class tax breaks

published 12 January 2015

On Monday, Rep. Chris Van Hollen (D-Md.) will present an ambitious "action plan" put together by senior Democrats that would give tax breaks to the middle class while adding fees to financial transactions on Wall Street.

As The Washington Post reports, the plan proposes to give a "paycheck bonus" worth $1,000 to individuals and $2,000 to couples; increase the tax credit for child care from $3,000 per person to $8,000 per person; create a bonus of $250 for workers who put away $500 a year in retirement funds or other savings accounts; and reduce marriage penalties for dual-income couples.

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Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.