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T17-0210 - Option 4: New $1,000 Young Child Tax Credit (YCTC) for Children < 3 With $0 Earnings Threshold; Distribution of Federal Tax Change by Expanded Cash Income Level, 2017

Table shows the distributional effects by expanded cash income level of implementing an additional $1,000 credit (YCTC) for families with children under the age of 3 relative to a current law baseline. The credit would phase-in at a rate of 50 percent starting at the first dollar of earnings. The family would still get their current CTC with no changes. 

September 12, 2017