low-income households

Pro-Growth Tax Policy For Working Families

A recent hearing of the House Ways and Means Committee’s Subcommittee on Tax Policy brought attention to an important topic: How can the tax code...

January 4, 2024Leonard E. Burman

Individual Taxes: TaxVox

Scott’s “Skin In The Game” Plan Could Raise Taxes By $100 Billion in 2022, Mostly On Low- And Moderate-Income Households

Sen. Rick Scott (R-FL), who chairs the National Republican Senatorial Committee, has proposed an 11-point plan to “Rescue America” including this : “All Americans should...

February 24, 2022Howard Gleckman

Individual Taxes: TaxVox

Advancing Child Tax Credit Payments Makes Good Sense, But the IRS Will Need Funds to Pull It Off.

The plan to expand the Child Tax Credit (CTC) proposed yesterday by House Ways & Means Committee Democrats included an important new feature—the IRS would...

February 9, 2021Elaine Maag Howard Gleckman

Individual Taxes: TaxVox

If Tax Refunds And Benefits Are Delayed By Shutdown, That Would Hurt Vulnerable Americans

For many US households, the ongoing partial government shutdown is inconvenient. But for low-income households, it may become a severe hardship. If the shutdown goes...

January 14, 2019Elaine Maag

Individual Taxes: TaxVox

Kamala Harris’s Tax Credit Would Cut Taxes Significantly For Low- And Moderate-Income Households But Could Add Trillions To The Debt

The Tax Policy Center estimates that the new refundable tax credit for low- and middle-income households proposed by Sen. Kamala Harris (D-CA) would cut taxes...

November 14, 2018Howard Gleckman

Federal Budget and Economy: TaxVox

The TCJA Is Increasing The Share Of Households Paying No Federal Income Tax

The Tax Policy Center has updated its estimate of the percentage of Americans who pay no federal individual income taxes. And the number is: 44...

September 5, 2018Philip Stallworth Daniel Berger

Individual Taxes: TaxVox

A Plan To Radically Expand the Earned Income Tax Credit

Lawmakers of both parties have been talking about restructuring the refundable tax credits, such as the earned income tax credit and the child tax credit,...

September 14, 2017Elaine Maag

Individual Taxes: TaxVox

The “Helping Working Families Afford Child Care Act” Would Help, but Doesn’t Solve the Timing Mismatch

The Child and Dependent Care Tax Credit (CDCTC) does not work for low-income families. It fails on three counts – the credit is nonrefundable, covers only a portion of expenses, and comes long after expenses have been incurred. Senators Jeanne Shaheen (D-NH), Barbara Boxer (D-CA), Patty Murray (D-

July 28, 2014Elaine Maag

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

Campaigns, Proposals, and Reforms: TaxVox

The Many Moving Parts of Camp’s Tax Reform for Low-Income Families

House Ways & Means Committee Chair Dave Camp’s tax reform plan would make many changes to the two major refundable tax credits aimed at assisting...

March 11, 2014Elaine Maag