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April 10, 2024

Biden Irresponsibly Encourages Borrowers to Enroll in SAVE Plan

…launched “SAVE Day of Action,” hosting a kick-off event, posting promotional videos, and mobilizing their social media followers in an effort to maximize enrollment in the program. You’d think they’re…

April 9, 2024

The Child Tax Credit: My Long-Read Q&A with Kevin Corinth

…as “middle class tax relief.” That’s not really what it was. It was in the sense that it increased that maximum payment, but you’re right, the fundamental change was that…

April 5, 2024

What’s Wrong with the US Economy? Anything?

…strong growth, price stability and maximum sustainable employment. So, what’s not to like?  In the short term, high inflation is still an issue. It remains stubbornly sticky, stirring fears of a possible resurgence,…

March 28, 2024

An Early Look at the Child Tax Credit Changes in the Tax Relief for American Families and Workers Act of 2024

…providing corporate tax relief, the legislation would change the CTC in four ways. First, the maximum CTC benefit would be indexed to inflation. Second, the maximum refundable credit would increase…

March 11, 2024

How Many Forms of “Wage Insurance” Do We Need, Exactly?

…recessions offer additional weeks of checks to the long-term unemployed (that is, generally beyond six months, continuing state UI check amounts). During the last two recessions, maximum durations stretched to…

March 4, 2024

Social conservatives who care about marriage should think twice about a “per-child” refundable Child Tax Credit

…encourage marriage, they should focus on increasing the maximum CTC benefit rather than increasing the CTC’s phase-in for families with multiple children. 72% of single moms work. It is thus…

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, we recommend several improvements to its CTC provisions, including provisions to retain and provisions to drop. Provisions to Retain Increase the Maximum CTC to Account for the Rising…

February 7, 2024

Child Tax Credit Bill Would Increase Marriage Penalties for Working Single Mothers

…apply the proposed $1,800 maximum refundable CTC. The per-child refundable CTC is 45 percent of earned income above $2,500 before phasing out as the non-refundable CTC phases in. We apply…

January 29, 2024

Per-Child Benefit in Wyden-Smith Child Tax Credit Bill Would Discourage Full-Time Work for Families with Multiple Children

…amount as the maximum non-refundable CTC. Second, it would begin indexing the maximum non-refundable CTC with inflation. Third, it would apply a one-year lookback for qualifying for the refundable portion…

January 29, 2024

Let’s Not Turn the Child Tax Credit Into Welfare

…the maximum per-child benefit would be pegged to inflation, allowing it to rise above $2,000 in future years. A heated debate over these changes has quickly emerged. Democrats have emphasized…