child tax credit

President Obama’s FY 2015 Budget

When President Obama proposed his 2015 budget last March, he vowed to cut taxes for working class Americans while making sure high income households pay their "fair share." New Tax Policy Center estimates show that, like it or not, Obama would do pretty much as he promised. Low-income households

July 2, 2014Roberton C. Williams

Individual Taxes: TaxVox

Misguided Expansion of the Child Tax Credit

Congresswoman Lynn Jenkins (R-KN) wants to expand the child tax credit (CTC) with the Child Tax Credit Improvement Act of 2014. She’s on the right track, but her proposed expansions are ill-targeted and fail to address the credit’s biggest looming issue: the change in refundability that will hit

June 30, 2014Elaine Maag

: TaxVox

Expanding a Credit, Simplifying a Break, and Cutting Off a Nose to Spite a Face

The House Ways and Means Committee approved an expansion of the child tax credit. A party-line vote approved changes to the Child Tax Credit . The proposal would index the credit to inflation and increase the phaseout range for joint filers to $150,000, twice the range for single filers. The effort

June 26, 2014Renu Zaretsky

Campaigns, Proposals, and Reforms: TaxVox

Mike Lee’s Tax Plan: An Intriguing Idea That Would Add $2.4 Trillion to the Deficit

An ambitious tax reform plan proposed by Sen. Mike Lee (R-UT) would provide generous new tax credits for families with children and repeal the Alternative...

March 12, 2014Howard Gleckman

Individual Taxes: TaxVox

Incoming Senate Finance Chair Wyden Outlines His Tax Agenda

Senator Ron Wyden (D-OR), about to become the new chairman of the Senate Finance Committee, said Friday that he aims to eventually rewrite what he...

February 10, 2014Howard Gleckman

Individual Taxes: TaxVox

Taxes: A Big Gun In The War on Poverty

When Lyndon Johnson declared his War on Poverty 50 years ago this month, he could not have imagined how many battles would be fought through...

January 16, 2014Howard Gleckman

Individual Taxes: TaxVox

Senator Lee’s New Reform Plan Focuses on Young Children

At an AEI panel discussion earlier this week, Senator Mike Lee (R-Utah) unveiled the Family Fairness and Opportunity Tax Reform Act . The centerpiece is...

September 19, 2013Elaine Maag

Individual Taxes: TaxVox

Do Low-Income Taxpayers Cheat?

My blog last Tuesday on overblown concerns about people falsely claiming subsides under the Affordable Care Act’s insurance exchanges generated a lot of response. Much...

July 18, 2013Howard Gleckman

Individual Taxes: TaxVox

Protecting the Child Tax Credit at the Fiscal Cliff

The Child Tax Credit (CTC), a key piece of the safety net for low- and moderate-income families, is in jeopardy as the nation hurtles towards...

October 25, 2012Elaine Maag

Individual Taxes: TaxVox

A Modest Proposal: Five Ways to Tax the 47 Percent

Let’s say you are truly offended that 47 percent of Americans don’t pay income tax. Just complaining won't fix the problem. All those freeloaders are...

September 27, 2012Howard Gleckman