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 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…
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 credit with inflation, and most contentiously, eliminate the work requirement for families who had earnings in the prior year. In debating these changes and even…
January 29, 2024
Key Points Read the PDF.
January 26, 2024
Sometimes I don’t understand Republicans in the House of Representatives. When they are threatening government shutdowns, they make a great show of saying their highest priority is getting a handle on out-of-control federal spending, reducing the deficit, and bringing down our national debt. And yet, when an obvious opportunity falls in their lap to reduce…
January 24, 2024
This week is National School Choice Week, which makes it a good time to ponder the state of the school choice coalition. During the Clinton–Bush school reform era, broad swaths of the public—both Republicans and Democrats—supported charter schools and different forms of public school choice. However, private school choice has long been a primarily Republican…
January 22, 2024
The United States has witnessed historic and escalating rates of obesity among adults in recent decades. As of 2020, official government statistics indicate that obesity inflicts 42 percent of Americans, including one in five children. Obesity disproportionately affects low-income populations, who often rely on federal programs for assistance. Congress can combat the obesity epidemic by reforming federal programs,…
January 21, 2024
I’m standing outside the Central Police Precinct in downtown Portland, Oregon. Officer Eli Arnold and I have bicycled over to meet two of his colleagues, returned from a drug bust. We examine the proceeds of the crime on the hood of a squad car. The officers weigh the fentanyl powder on a small scale, record…
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 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
It is an election year and Congress will soon consider two bipartisan bills to address high rental costs for many renters. The first is the Workforce Housing Tax Credit (WFHTC) and the second would be an expansion of the existing Low-Income Housing Tax Credit (LIHTC). The WFHTC would extend eligibility for subsidized units tenants earning below the area median….
January 15, 2024
Some Americans never register to vote. Those of us who do usually register just once. But over the past two years I’ve registered three times. I might even do it again—for the reason progressives say they endorse: I want my vote to count. In New York, where I live, it isn’t easy. My deep-blue state…