Clinton Child Tax Credit Proposal Would Help 14 Million Families, Raise 1.5 Million People out of Poverty
End Notes
[1] The Clinton proposal is described in Richard C. Auxier, Leonard E. Burman, James R. Nunns, and Jeffrey Rohaly, “Updated Analysis of Hillary Clinton’s Tax Proposals,” Tax Policy Center, October 11, 2016, http://www.taxpolicycenter.org/publications/updated-analysis-hillary-clintons-tax-proposals. TPC estimates that the provision would cost $208.7 billion over 2016 to 2026.
[2] Estimates are based on CBPP analysis of the Census Bureau’s March 2015 Current Population Survey and 2014 Supplemental Poverty Measure (SPM) public use file. Figures on the proposal’s impact on poverty are based on the SPM, which — unlike the official poverty measure — counts the effect of government benefit programs and tax credits. Unlike the Tax Policy Center’s cost estimates for the proposal, these estimates do not take into account the impact of the proposed credit increases on tax credit participation rates, which could further increase their anti-poverty impact.
[3] For more analysis of proposals to expand the CTC for young children, see Chuck Marr, Chloe Cho, and Arloc Sherman, “A Top Priority to Address Poverty: Strengthening the Child Tax Credit for Very Poor Young Children,” Center on Budget and Policy Priorities, August 10, 2016, https://www.cbpp.org/research/a-top-priority-to-address-poverty-strengthening-the-child-tax-credit-for-very-poor-young.