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January 7, 2025
…one child each would each receive a maximum of around $4,300 in 2025, but if they married they would both qualify for a maximum of over $7,100 (using the schedule for two…
September 10, 2024
…likely reduced men’s wages. With more men single and childless, and for longer, they face less pressure to be breadwinners. That may affect the weight they put on maximizing their…
August 24, 2024
…increased dollar amounts have attracted most of the attention, a key motivation for these proposals is to ensure working families with low incomes receive the maximum credit. Working families who…
June 18, 2024
…Australia, Germany, the Netherlands, Norway, Sweden, and Finland. The evidence is ambiguous as to whether America’s absolute mobility looks worse than or the same as that of Denmark and the…
May 14, 2024
…declined. Along with reduced fertility and greater economic opportunities for women, the decline in marriage led men to prioritize values other than maximizing their pay. The painful transition for men…
April 9, 2024
…as “middle class tax relief.” That’s not really what it was. It was in the sense that it increased that maximum payment, but you’re right, the fundamental change was that…
April 5, 2024
…strong growth, price stability and maximum sustainable employment. So, what’s not to like? In the short term, high inflation is still an issue. It remains stubbornly sticky, stirring fears of a possible resurgence,…
March 28, 2024
…providing corporate tax relief, the legislation would change the CTC in four ways. First, the maximum CTC benefit would be indexed to inflation. Second, the maximum refundable credit would increase…
February 7, 2024
…benefit amounts phase out as household earnings increase. Households with no income receive the maximum benefit—$766 per month for a family of three—but for each additional dollar that a household…
February 7, 2024
…apply the proposed $1,800 maximum refundable CTC. The per-child refundable CTC is 45 percent of earned income above $2,500 before phasing out as the non-refundable CTC phases in. We apply…