October 2, 2024
The effect of taxes and transfers on low-earning workers’ income.
Despite misperceptions that the United States is limping through late-stage capitalism, American workers are more…
March 28, 2024
An Early Look at the Child Tax Credit Changes in the Tax Relief for American Families and Workers Act of 2024
The Tax Relief for American Families and Workers Act of 2024 would expand the child tax credit by increasing the refundable credit, indexing the maximum benefit to inflation, raising the phase-in rate for families with multiple children, and allowing a one-year earnings lookback. These changes would increase benefits primarily for lower-earning families, especially those with multiple children or intermittent work. However, the policy would have mixed effects on incentives: The faster phase-in would strengthen incentives to enter work at low earnings levels but discourage some families from increasing their earnings or getting married. In addition, the lookback provision would generally weaken work participation incentives.
July 2, 2021
Addressing the Shortcomings of the Supplemental Poverty Measure
Key Points Read the PDF. Executive Summary The US Census Bureau publishes the SupplemenÂtal Poverty…