Tax Policy Center

child tax credit

Campaigns, Proposals, and Reforms: TaxVox

A Newborn Tax Credit Could Be Worthwhile, With Sound Administration

Democratic presidential nominee Kamala Harris has vowed to make permanent temporary expansions to the child tax credit (CTC) and earned income tax credit (EITC) enacted...
August 29, 2024Margot Crandall-Hollick
Campaigns, Proposals, and Reforms: TaxVox

Trump And Harris Efforts To Fight Inflation Are Unlikely To Succeed

GOP presidential candidate Donald Trump is making inflation-fighting a key policy plank in his campaign. The problem: Many of his specific policy prescriptions would make...
August 27, 2024Howard Gleckman
Individual Taxes: TaxVox

Families With Children Often Pay Less In Taxes Than Their Childless Peers, But Policymakers Could do More

In a 2021 interview , Republican Vice Presidential candidate JD Vance indicated that families with children should pay less in taxes than childless taxpayers at...
July 31, 2024Margot Crandall-Hollick
Federal Budget and Economy: TaxVox

Can We Spare Children The Tax Roller Coaster?

The dependent exemption, the earned income tax credit (EITC), and the child tax credit (CTC), supported at times by Republicans and Democrats alike, help bolster...
June 27, 2024C. Eugene SteuerleCary Lou
State and Local Issues: TaxVox

Three Lessons for Policymakers Designing a State Child Tax Credit

In 2021, the American Rescue Plan (ARP) temporarily but significantly expanded the federal child tax credit (CTC), and child poverty fell from 9.7 percent to...
March 11, 2024Nikhita AiriRichard C. Auxier
State and Local Issues: TaxVox

As Congress Debates a More Generous Child Tax Credit, 11 States Already Deliver a Fully Refundable CTC

A bipartisan tax plan that overwhelmingly passed in the House is now stuck in the Senate in part because of proposed changes to the child...
March 7, 2024Richard C. AuxierNikhita Airi
Individual Taxes: TaxVox

The New Child Tax Credit Proposal Versus Old Concerns About Work Incentives

Momentum behind a tax plan drafted by Senate Finance Committee Chair Ron Wyden (D-OR) and House Ways and Means Committee Chair Jason Smith (R-MO) has...
January 24, 2024Nikhita AiriJohn Buhl
Business Taxes: TaxVox

Why Is Congress Giving Business Retroactive Tax Breaks?

While Congress is likely to nit-pick the compromise business and child tax credit tax bill designed by top Capitol Hill tax writers, there is broad...
January 23, 2024Howard Gleckman
Business Taxes: TaxVox

Bipartisan Tax Framework: Low-Income, Wealthy Households Benefit Most

Legislation to temporarily enhance certain business tax deductions and the child tax credit (CTC) would boost after-tax incomes for households by an average of $160...
January 19, 2024John Buhl
Individual Taxes: TaxVox

Bipartisan CTC Framework Would Help Lowest Income Quintiles

Under a plan to temporarily expand the child tax credit (CTC), unveiled yesterday by Senate Finance Committee Chair Ron Wyden (D-OR) and House Ways and...
January 18, 2024John Buhl