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January 29, 2024
The Wyden-Smith proposed tax legislation would make four changes to the Child Tax Credit (CTC). First, it would increase the cap on the refundable portion of the CTC, eventually to the same…
January 29, 2024
A renewed effort to expand the child tax credit (CTC) is currently making its way through Congress. The proposed policy would increase benefits for low-income families—especially those with multiple children—automatically grow the…
January 19, 2024
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…
January 12, 2024
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…
July 17, 2023
Chairman Bennet, Ranking Member Thune, and distinguished members of the Subcommittee on Taxation and IRS Oversight, thank you for the opportunity to testify on the Child Tax Credit (CTC). My…