Earned Income Tax Credit Archive
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Correcting Misunderstandings About Obama’s Latest Tax Offer Vs. Boehner’s “Plan B”
December 20, 2012
On the tax side of the “fiscal cliff” talks between President Obama and House Speaker John Boehner, the differences between Obama’s latest offer and Boehner’s “Plan B” proposal are far greater than much of the news coverage has suggested. The same holds true for the differences between … -
Policy Basics: State Earned Income Tax Credits
Updated December 5, 2012
Twenty-five states (counting the District of Columbia) have created earned income tax credits (EITCs) to help families struggling to get by on low wages, make ends meet, and provide basic necessities for their children. These credits build on the benefits of the federal EITC, offering a hand up to … -
State-Level Estimates Show Stark Contrasts Under Proposals To Extend Cut in Estate Tax While Failing to Extend Improvements in Tax Credits For Working Families
October 15, 2012
In recent proposals to extend expiring tax cuts beyond the end of the year, Republican leaders in the House and Senate have called for extending an estate-tax cut enacted in 2010 that provides a large tax break to the estates of the wealthiest 0.3 percent of Americans who die each year — about 7,000 people — while ending a … -
Misconceptions and Realities About Who Pays Taxes
Updated September 17, 2012
Executive Summary Close to half of U.S. households currently do not owe federal income tax. The Urban Institute-Brookings Tax Policy Center estimates that 46 percent of households will owe no federal income tax for 2011. [1] A widely cited figure is a Joint Committee on Taxation estimate that 51 percent of households paid no … -
Statement of Robert Greenstein, President, on Census’ 2011 Poverty, Income, and Health Insurance Data
September 12, 2012
Today’s Census data contained the good, the fair, and the ugly. The good news is that the number of uninsured Americans dropped by 1.3 million and the share of Americans without insurance fell by more than in any year since 1999; the fair news is that the poverty rate stayed flat after … -
Media Briefing: Examining the 2011 Census Data on Poverty, Health Insurance Coverage, and Income
September 12, 2012
The Center on Budget and Policy Priorities held a conference call briefing to examine the Census Bureau data for 2011 on poverty, health insurance coverage, and income trends.
Robert Greenstein, the Center’s President, was joined by Jared Bernstein, Senior Fellow, to discuss the new data.
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Senate and House GOP Leaders' Tax Proposals Would Provide Windfall for Heirs of Largest Estates
Revised July 24, 2012
Senate and House Republican leaders are proposing to provide extremely large tax breaks averaging over $1 million per estate to the heirs of the biggest 0.3 percent of estates — that is, to the heirs of the richest three of every 1,000 people who die. The Senate and House leadership proposals each would do so by extending the … -
Testimony of Jared Bernstein, Senior Fellow, Before the Subcommittee on Human Resources of the Committee on Ways and Means on Work Disincentives and the Safety Net
June 27, 2012
Chairmen Davis and Tiberi and ranking members Rep. Doggett and Rep. Neal, I thank you for inviting me to testify on this important question of our safety net and tax benefit programs and their impact on work. My first point, however, is that I believe it is essential to broaden the question at the heart of this hearing. For policy makers to gain a full … -
Toomey Budget Similar to House-Passed Ryan Budget
May 9, 2012
The Senate may take up, as early as this week, a budget proposal from Senator Patrick J. Toomey (R-PA)[1] that is similar in most important respects to the budget resolution from House Budget Committee Chairman Paul Ryan (R-WI), which the House passed on March 29. [2] Like the Ryan budget, the Toomey plan (S. Con. Res. 37) would protect and extend tax cuts that … -
The False Choice of National Defense Versus Helping the Poor
April 20, 2012
House committees this week approved sharp cuts in the Supplemental Nutrition Assistance Program (SNAP, formerly known as food stamps), the elimination of the Social Services Block Grant, and other cuts that would harm large numbers of low- and moderate-income Americans.[1] Proponents claim the cuts are needed to generate enough savings … -
Blog Post: Chairman Ryan’s Misleading Chart
March 27, 2012
House Budget Committee Chairman Paul Ryan recently summarized his new tax proposal this way: [W]e’re saying get rid of all the special interest loopholes and tax shelters that are disproportionately used by those higher income earners, get rid of those tax shelters, so you can lower tax rates for everybody, and make us better wired for economic growth and job creation. Chairman Ryan has also said that most tax-expenditure benefits go to high-income people. The lead tax chart in Chairman Ryan’s budget … -
Testimony: Phil Oliff, Policy Analyst, Before the Maryland House Ways and Means Committee
February 14, 2012
Madam Chair, Vice Chair, and Members of the Committee, thank you for the opportunity to testify here today. My name is Phil Oliff. I am a Policy Analyst with the Center on Budget and Policy Priorities. The Center is a nonpartisan, nonprofit organization that conducts research and … -
Contrary to "Entitlement Society" Rhetoric, Over Nine-Tenths of Entitlement Benefits Go to Elderly, Disabled, or Working Households
February 10, 2012
Some conservative critics of federal social programs, including leading presidential candidates, are sounding an alarm that the United States is rapidly becoming an “entitlement society” in which social programs are undermining the work ethic and creating a large class of Americans who prefer to depend on government benefits rather … -
Romney's Charge That Most Federal Low-Income Spending Goes for "Overhead" and "Bureaucrats" Is False
Updated January 23, 2012
Presidential candidate Mitt Romney has endorsed a proposal to eliminate major federal assistance programs for low-income Americans and turn them over to the states, often with deep funding cuts. But the rationale he offered for doing so in this past Sunday’s “Meet the Press” debate — that the federal bureaucracy …
