Recent tax credit proposals to help low- and middle-income families, such as Senator Kamala Harris’ LIFT the Middle Class Act, are being hotly debated. We examine the ability of these proposals, the current earned income tax credit (EITC), and the child tax credit (CTC) to achieve three goals:...
Over the past three decades, the United States has gone from taxing roughly half of closely held business (that is, firms other than corporations) and...
