The Child and Dependent Care Tax Credit (CDCTC) subsidizes care expenses primarily for working parents. The aggregate amount of credit claimed was $3.6 billion in 2016, having remained fairly stable (in real terms) since the early 1990s.
July 1, 2019
Between 1979 and 2015, the share of total after-tax income that goes to the 20 percent of households with the highest incomes grew from 42% to 48%, while the shares of all other income groups declined.
June 24, 2019