January 19, 2024
The Work Incentive and Employment Effects of Eliminating the Child Tax Credit’s Annual Income Requirement
Abstract Senior House and Senate tax committee leaders agreed to a framework for modifying the Child Tax Credit on January 16, 2024. The most consequential reform would eliminate the Child Tax Credit’s annual income requirement by allowing individuals to calculate their eligibility using their current or prior year’s income, whichever year maximizes the family’s benefit….
January 12, 2024
Congress Shouldn’t Expand Welfare in Return for Corporate Tax Cuts
Bipartisan negotiations to revive the Democrat-favored 2021 Child Tax Credit in return for Republican-favored business-tax cuts are heating up. The business-tax cuts could be helpful in principle — if they focus on encouraging future investment and don’t add to the deficit. But under no circumstance should Republicans agree to turn the Child Tax Credit into a welfare…
July 17, 2023
Testimony: Correcting the Record on the Effects of Replacing the Child Tax Credit with a Child Allowance
Chairman Bennet, Ranking Member Thune, and distinguished members of the Subcommittee onTaxation and IRS Oversight, thank you for the opportunity to testify on the Child Tax Credit(CTC). My name is Kevin Corinth, and I am a Senior Fellow and the Deputy Director of theCenter on Opportunity and Social Mobility at the American Enterprise Institute. This…