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October 21, 2024

Dueling Child Tax Credit Proposals: Harris vs. Vance

JD Vance and Kamala Harris have at least one thing in common: proposals to expand the child tax credit (CTC). Currently, the CTC offers households up to $2,000 per child under the age of 17. It phases in as wages exceed $2,500 (an incentive to work) and phases out for high-income workers (a disincentive to…

October 7, 2024

Presidential Candidates’ Dueling Child Credit Expansions Explained

The Trump-Vance and Harris-Walz presidential campaigns have each recently proposed large expansions to the child tax credit (CTC). Both proposals might be intended to appeal to similar voters, but they vary significantly regarding budgetary cost, distribution of benefits, and effect on work incentives. This article compares the proposed expansions with the current Tax Cuts and Jobs…