The earned income tax credit provides substantial assistance to low- and moderate-income workers. Benefits tilt heavily to families with children. Prompted in part by the success of the credit and in part by shortcomings in the credit, policymakers, advocates, and analysts have offered up reform
Republicans and some leading economists have raised concerns about the cost, fairness, and stimulative effects of proposed cash payments in the pandemic relief legislation Congress...
2007-17 Impact on individual income tax liability and revenue for three options to make permanent components of the 2001-2006 tax cuts: (1) the 10-percent bracket, child credit, and marriage penalty relief, (2) the above plus the 25 and 28 percent brackets, (3) the above plus the 33 and 35 percent
The income tax provisions related to families and work—filing status, rate schedules, the standard deduction, personal exemptions, the child and earned income tax credits, and the taxation of dependents—are complex, too small to encourage work for many low earners, and unfair to some families. We
This document reviews several notable tax proposals in President Obamas fiscal year 2015 Budget. These include expanding the earned income tax credit (EITC) for workers without qualifying children, expanding the child and dependent care tax credit for families with young children, conforming rules
For many households, the most important provision of the massive $2.2 trillion stimulus bill passed by the Senate last night will be the individual cash...
This paper provides estimates of the total cost of and distributional effects of nonbusiness tax expenditures claimed on individual tax returns after enactment of the 2017 Tax Cuts and Jobs Act, taking account of interactions among provisions. Nonbusiness tax expenditures will reduce tax liability
EITC credit rate, minimum income for maximum credit amount, maximum credit amount, and phaseout rate and range, by number of qualifying children, 1975 to 2024.
Over the next decade, the individual “ recovery rebate ” program will account for about half of the Coronavirus Aid, Relief and Economic Security (CARES)...
In this brief we consider the largest nonbusiness tax expenditures in the individual income tax. We provide a description of these provisions, estimates of their cost and the distribution of their tax benefits across income groups, and briefly summarize their effects. We consider tax expenditures
The 2012 distribution of federal tax change, by cash income level, of Senator Barack Obama's tax proposals as described by his economic advisers. The federal tax change is compared to a tax cuts extendend baseline.
The 2012 distribution of federal tax change, by cash income percentile, of Senator Barack Obama's tax proposals as described by his economic advisers. The federal tax change is compared to a tax cuts extended baseline.
The 2012 distribution of federal tax change, by cash income level, of Senator Barack Obama's tax proposals as described in stump speeches. Federal tax change is compared to a tax cuts extended baseline.
The 2012 distribution of federal tax change, by cash income percentile, of Senator Barack Obama's tax proposals as described in stump speeches. The federal tax change is compared to a tax cuts extended baseline.
The 2009 distribution of federal tax change, by cash income level, of the federal tax change of Senator Barack Obama's tax proposals as described in stump speeches.