June 4, 2025
When President Trump signed Republicans’ 2017 tax legislation into law, one section in it stood out for…
October 11, 2024
Over the past half-century, virtually all aspects of social life have deteriorated in America. We…
August 30, 2024
Vice President Kamala Harris recently announced an economic plan for her presidential campaign. A centerpiece…
August 24, 2024
A centerpiece of Vice President Harris’ newly released economic plan is a revamped Child Tax…
July 10, 2024
A defining aspect of the American dream is that the economic well-being of each generation…
April 8, 2024
When Americans file their taxes in the coming weeks, one group will be singled out for…
January 29, 2024
Proposed changes to the child tax credit (CTC) would expand benefits for low-income families, allow the credit to grow with inflation, and permit families with no current earnings to receive the credit based on prior-year income, weakening the annual work requirement. These changes would shift the CTC away from its role as work-linked tax relief toward being an unconditional cash benefit for families with children. Estimates suggest that eliminating the annual work requirement would reduce employment, raising broader questions about whether the CTC should function as primarily tax relief or a welfare program.
January 17, 2024
It is an election year and Congress will soon consider two bipartisan bills to address…
January 12, 2024
Bipartisan negotiations to revive the Democrat-favored 2021 Child Tax Credit in return for Republican-favored business-tax cuts are…
December 21, 2023
Official data released last Friday show that 2023 was the worst year ever recorded for…
June 21, 2023
It’s a big week for American Compass, a think tank founded in 2020 that fancies itself as…
June 14, 2023
“Did you adjust for inflation?” An occupational inconvenience of doing economic research is that you…