refundable tax credits

Reviewing Three Years of State Tax Cuts

From the start of calendar year 2021 to today, 48 states and the District of Columbia have cut taxes. The only holdouts are Alaska and...

July 20, 2023Richard C. Auxier

Individual Taxes: TaxVox

Congress Has Many Ways To Boost The Economy By Getting Cash Into People’s Pockets. Which One Is Best?

As Congress scrambles to pass another COVID-19 relief bill, it must decide how best to put money into the hands of people who are suffering...

July 24, 2020Howard Gleckman

Business Taxes: TaxVox

Should Congress Pump Money Into Businesses By Shifting The Timing Of Tax Benefits?

Should Congress manipulate the timing of business tax benefits to support firms in the midst of the COVID-19 economic slump? And if so, how?

June 19, 2020Howard Gleckman

Individual Taxes: TaxVox

Can Harris And Booker’s Plans Help Poor People Avoid Eviction?

Remember Evicted , Matthew Desmond’s harrowing account of the housing travails of low-income families in Milwaukee? Undoubtedly senators (and presidential hopefuls) Cory Booker and Kamala...

February 7, 2019Janet Holtzblatt

Campaigns, Proposals, and Reforms: TaxVox

Do Senators Lee and Rubio Have a Secret Plan to Help Poor Families?

In its analysis of the tax reform plan proposed recently by Senators Marco Rubio (R-FL) and Mike Lee (R-UT), the Tax Foundation assumed the proposal would make the new personal credit ($2,000 for singles and $4,000 for married couples) fully refundable. This assumption helps explain why the group

March 27, 2015Leonard E. Burman

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

Campaigns, Proposals, and Reforms: TaxVox

Questions About Expanding the Childless EITC

As the idea of expanding the “childless EITC” gathers steam, it’s time to start thinking about what the next generation of worker credits should look...

February 5, 2014Elaine Maag

Individual Taxes: TaxVox

Will the Retirement of Max Baucus Open the Door to Tax Reform?

It has become conventional wisdom in Washington that the just-announced retirement of Senate Finance Committee Chairman Max Baucus (D-MT) boosts chances for tax reform in...

April 25, 2013Howard Gleckman

Federal Budget and Economy: TaxVox

Congress Kicks the Fiscal Can off the Front Stoop

In the end, it looks like Congress isn’t even going to kick the fiscal can down the road. Assuming the House passes the deal agreed...

January 1, 2013Howard Gleckman