Tax Policy Center

EITC

Individual Taxes: TaxVox
Today could be a big day for many low- and moderate-income families. February 15 is the first day those who claim either an earned income...
February 15, 2017Elaine Maag
Individual Taxes: TaxVox
Americans have grown accustomed to getting substantial tax refunds soon after they file their returns, especially if they turn in their paperwork early. But starting...
December 21, 2016Elaine Maag
Individual Taxes: TaxVox
The federal income tax is packed with provisions aimed at subsidizing and encouraging work and helping families with children. While well intentioned, they complicate the...
December 6, 2016Roberton C. Williams
Individual Taxes: TaxVox
This post is part of the Tax Policy Center’s new series, Tax Line , which digs into the data behind the day’s most pressing tax...
October 21, 2016John IselinPhilip Stallworth
Campaigns, Proposals, and Reforms: TaxVox
Elected officials love to talk about expanding opportunity in America, but few do anything about it. And in a recent report I found that spending for those federal programs that do aim to promote opportunity for all, such as work incentives and support for education, are on a path to shrink as a share of government resources.
April 28, 2016C. Eugene Steuerle
Campaigns, Proposals, and Reforms: TaxVox
As you think about the ambitious tax ideas being proposed by this season’s presidential hopefuls, keep this in mind: Sometimes, far-reaching tax policy ideas outlive the candidacies of those who promote them. Long after their races are distant memories, ideas that opponents mock in the heat of an
April 8, 2016Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
After the Tax Policy Center published our analysis of Senator Cruz’s tax plan, the campaign told us that they also intend to expand the Earned Income Tax Credit (EITC) . This change would modestly increase after-tax incomes of low-income families while increasing the cost of the overall Cruz
March 2, 2016Leonard E. Burman
Federal Budget and Economy: TaxVox
If the White House wanted to attract attention to its final budget , it could not have picked a worse day to make it public. With official Washington obsessed with today’s New Hampshire primary, the 2017 budget barely caused a ripple. In case there was any question about its fate on Capitol Hill,
February 8, 2016Howard Gleckman
Individual Taxes: TaxVox
Congress has banned more low-income families who file erroneous tax returns from receiving refundable credits. If lawmakers think this is such a terrific idea, why stop at low-income households? For instance, why shouldn’t Congress bar trade associations from claiming tax-exempt status if they file
January 7, 2016Howard Gleckman
Federal Budget and Economy: TaxVox
For years, Congress has struggled with what to do with scores of temporary tax breaks that have come to be known as the “tax extenders .” The usual resolution: Lawmakers fiddle for months. Then, sometime in December, they mindlessly continue the immortal mostly-business tax breaks for another year
November 30, 2015Howard Gleckman