Tag: ‘low-income’

A Redesigned Earned Income Tax Credit Could Encourage Work by Childless Adults

By :: May 20th, 2015

The earned income tax credit (EITC) lifts millions of working families out of poverty, but provides little support to workers without children and some low-wage workers married to other low-wage workers. Congress could fix this flaw by scaling back the EITC and creating a new worker credit that is based on individual earnings and not […]

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A Major Gift for TPC, Money Forsaken by Taxpayers, Or Given in Error

By :: May 6th, 2015

A transformative gift for TPC. The Urban-Brookings Tax Policy Center has established the Pozen Director’s Chair, thanks to a major gift from Robert C. Pozen. “I am glad to support… one of the few American organizations that consistently provides nonpartisan and thoughtful analysis of current tax issues.” He told The Boston Globe, “It sounds esoteric […]

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Why the More Generous Child and Earned Income Tax Credits Should Be Made Permanent

By :: December 3rd, 2014

co-authored with William G. Gale While most of the tax drama these days is focused on the fate of 50+ mostly-business tax breaks that expired nearly a year ago, lawmakers are also debating two provisions that are enormously important to low- and moderate-income households-the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC). Temporary […]

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Misguided Expansion of the Child Tax Credit

By :: June 30th, 2014

Congresswoman Lynn Jenkins (R-KN) wants to expand the child tax credit (CTC) with the Child Tax Credit Improvement Act of 2014. She’s on the right track, but her proposed expansions are ill-targeted and fail to address the credit’s biggest looming issue: the change in refundability that will hit the poorest recipients after 2017. Jenkins’s plan […]

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The Many Moving Parts of Camp’s Tax Reform for Low-Income Families

By :: March 11th, 2014

House Ways & Means Committee Chair Dave Camp’s tax reform plan would make many changes to the two major refundable tax credits aimed at assisting low- and moderate-income working families—the earned income tax credit (EITC) and the Child Tax Credit (CTC).  It isn’t easy to keep track of all the moving parts, but it appears […]

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Why Do People Pay No Federal Income Tax?

By :: September 18th, 2012

The percentage of Americans who don’t pay income tax is making headlines again. However, the story hasn’t changed since I blogged about it last year and my TPC colleagues and I analyzed why in a longer paper. In 2011, 46 percent of tax units paid no federal income tax. Half of them had no taxable […]

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