California’s new EITC provides an opportunity to consider whether or not the design characteristics of the federal EITC, which most states have simply replicated, should be reconsidered—either by states acting on their own or perhaps by the federal government itself through modifications of the

In this exercise, TPC estimates the revenue and distributional effects of proposals that would eliminate income tax expenditures to finance lower individual and corporate tax rates and reduce the federal budget deficit. This paper provides results for three proposals: (1) eliminate almost all

Families with young children tend to have lower incomes than other families. The current child tax credit provides substantial benefits to families with children, but the maximum benefit of $1,000 is the same for all children under 17, regardless of age. We analyze a proposal that would provide an