MOVING FORWARD WITH THE EARNED INCOME TAX CREDIT AND CHILD TAX CREDIT: ANALYSIS OF PROPOSALS TO EXPAND REFUNDABLE TAX CREDITS

Policymakers grapple with the related issues of unequal incomes, relatively poor health, education, and economic outcomes for low-income children, and hardship among low- and moderate-income families. Refundable tax credits provide substantial support and relief to many. This analysis details who be...

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Bibliographic Details
Published in:National tax journal 2020-12, Vol.73 (4), p.1163-1186
Main Authors: Maag, Elaine, Airi, Nikhita
Format: Article
Language:English
Subjects:
Child poverty
Childlessness
Children
Children & youth
Earned income tax credit
Health education
Health status
Income taxes
Low income groups
Older people
Policy making
Proposals
State court decisions
Tax credits
Taxation
Work
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Summary:Policymakers grapple with the related issues of unequal incomes, relatively poor health, education, and economic outcomes for low-income children, and hardship among low- and moderate-income families. Refundable tax credits provide substantial support and relief to many. This analysis details who benefits from the earned income tax credit (EITC) and the child tax credit (CTC) and four large-scale tax credit proposals that would provide substantial and ongoing benefits through these or similar credits. Broadly, proposals focused on children exclude childless adults and the elderly, and proposals focused on work exclude nonworkers, including most of the elderly, but include many workers with children.
ISSN:0028-0283
1944-7477
DOI:10.17310/ntj.2020.4.11