March 11, 2024
How Many Forms of “Wage Insurance” Do We Need, Exactly?
One of the most controversial policies included in H. R. 7024, the “Tax Relief for American Families and Workers Act” that passed the House on January 31, is a provision that would expand the “lookback” to determine eligibility for the child tax credit (CTC). Under current law, adults claiming the CTC for a tax year…
March 4, 2024
Exploring America’s Social Safety Net And The Political Fights Around It
View the full video here. Our new series, “America’s Safety Net,” is focused on the complex web of programs meant to help Americans in need. Over the coming weeks, we’ll take an in-depth look at the different forms of welfare in the U.S. Up first, Geoff Bennett and producer Sam Lane spend some time explaining…
February 29, 2024
Recalling Pandemic Lessons on “Self-Certifying” Eligibility
Sometimes what is left unmentioned can be far more important than what is said. A good example is obscure guidance issued last week by the US Department of Labor (DOL) encouraging workforce programs to allow beneficiaries to self-certify their eligibility. That guidance directly affects a handful of programs with limited funding that offer a variety of employment-related…
February 27, 2024
Options for Improving the Child Tax Credit Provisions in H.R. 7024, the Tax Relief for American Families and Workers Act of 2024
H.R. 7024, the Tax Relief for American Families and Workers Act of 2024, passed the House on January 31, 2024 and now faces an uncertain fate in the Senate. The bill is intended to offer something for both Republicans and Democrats—business tax cuts and an expansion of the Child Tax Credit (CTC). But this bargain—which…
February 9, 2024
Resolving to Learn Lessons from Record Pandemic Fraud
Congress doesn’t make New Year’s resolutions, but if it did, digesting our new report on pandemic fraud would be a good one. Released last week, the new report (“Pandemic Unemployment Fraud in Context: Causes, Costs, and Solutions”) details the how and why of record unemployment benefit fraud during the pandemic. Enacting even some of our policy resolutions…
February 8, 2024
CTC Expansion Rooted in Desire to Roll Back Work-based Welfare
Modifications to the child tax credit (CTC) are included in H.R. 7024, the Tax Relief for American Families and Workers Act of 2024, which the House of Representatives approved on January 31, 2024. That legislation pairs an extension of expired business tax relief policies, generally sought by Republicans, with an expansion of the CTC, which…
January 29, 2024
Pandemic Unemployment Fraud in Context: Causes, Costs, and Solutions
Key Points Read the PDF.
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 17, 2024
Tax Extenders Package Would Cut the Child Tax Credit’s Annual Work Requirement in Half
One of the bills Congress punted to the new year is a package of “tax extenders” normally considered at year’s end when temporary tax laws are about to expire. But the agreement announced yesterday by House Ways and Means Committee Chairman Jason Smith (R-MO) and Senate Finance Committee Chairman Ron Wyden (D-OR) is notable for far more than its timing. On the plus side, and to the negotiators’ credit, it’s a…
January 12, 2024
Small-Dollar Demonstration Projects Can’t Hide That a National Guaranteed Income Program Would Cost Trillions
Abstract While some have declared that short-term guaranteed income demonstrations (patterned on universal basic income schemes) are working almost universally, such cheerleading misses a major drawback: the enormous costs that would arise if such programs operated at a national level, as proponents intend. This report reviews the costs of some recent proposals to operate such…