T22-0163R - Modify Certain Business Provisions, Make CTC Fully Refundable, and Extend Expansion of EITC for Workers without Qualifying Children, Impact on Tax Revenue, 2023-42 Fiscal Years

Table shows the impact on federal tax revenue for fiscal years 2023-42 of: repealing amortization of research and experimental (R&E) expenditures; extend limitation of interest deductions to 30 percent of EBITDA; make 100 percent bonus depreciation permanent; make the child tax credit (CTC) fully refundable regardless of earned income or individual income tax liability; and extend expansion of earned income tax credit (EITC) for workers without qualifying children enacted by the American Rescue Plan (ARP). These tables were revised on December 7, 2022.