Effects of Reducing the Child Tax Credit (CTC) Refundability Threshold to Zero

Distribution of the tax cut from reducing the Child Tax Credit (CTC) refundability threshold to $0 as well as extending the EGTRRA CTC provisions such as $1,000 credit amount, allowance of credit regardless of AMT and refundability of 15% of earnings in excess of threshold, under 2010 current law, by cash income levels.

Distribution of the tax cut from reducing the Child Tax Credit (CTC) refundability threshold to $0 under 2010 current policy, by cash income levels. Current policy extends the 2009 AMT patch and indexes the AMT exemption, rate bracket thresholds and exemption thresholds for inflation; makes the 2001 and 2003 individual income tax cuts permanent and makes 2009 estate tax law permanent.

Distribution of the tax cut from reducing the Child Tax Credit (CTC) refundability threshold to $0 under 2011 current policy, by cash income levels. Current policy extends the 2009 AMT patch and indexes the AMT exemption, rate bracket thresholds and exemption thresholds for inflation; makes the 2001 and 2003 individual income tax cuts permanent and makes 2009 estate tax law permanent.

Static impact on number of children eligible for the CTC as well that number of children with an increase in the CTC as a result of reducing the refundablity threshold to $0 for 2010 and 2011.