off the charts

You are here

Congress Should Reject Misguided Child Tax Credit Measure

March 14, 2016

The House Ways and Means Committee will vote this week on a proposal to deny the Child Tax Credit to low-income working families that file their taxes with an Individual Tax Identification Number (or ITIN) rather than a Social Security number.  Proponents say it’s an anti-abuse measure, but it’s really a substantial cut in eligibility for the credit that would take the credit away from several...


Ryan and Block-Granting the Safety Net

December 3, 2015

House Speaker Paul Ryan called again today for combining many safety net programs into a mega-block grant to states.  As we explained...

Federal Budget - Capitol Dome

Blinder and Zandi: Policy Responses to Great Recession a Resounding Success

October 16, 2015

In a major new paper for CBPP’s Policy Futures initiative, Alan Blinder, former Federal Reserve Vice Chairman, and Mark Zandi, chief economist of Moody’s Analytics, explain that “the massive and multifaceted policy responses to the financial crisis and Great Recession — ranging from traditional...

E Pluribis Unum Budget

How Congress Can Reduce EITC Errors

September 30, 2015

Ahead of tomorrow’s Senate Finance Committee hearing on reducing payment errors in federal benefit programs, here are three ways Congress can reduce errors in the Earned Income Tax Credit (EITC):

  • Give the IRS the needed authority to reduce EITC

  • ...

Senate Bill Would Boost Burdens, Costs to Claim Working Family Tax Credits

August 20, 2015

The Senate Appropriations Committee proposes to impose onerous new paperwork requirements on millions of workers who file their own tax returns and claim certain tax credits.  In particular, the proposed requirement would convert the already complicated one-page Schedule EIC into a four- or five-page form that all individuals preparing their own returns and qualifying for the...

Tax Forms

New Research: EITC Boosts Employment; Lifts Many More Out of Poverty Than Previously Thought

July 23, 2015

The Earned Income Tax Credit’s impact in reducing poverty is even greater than previously recognized, due to its strong effect in bringing more single mothers into the labor force, striking new research released last week shows.

Standard estimates of the Earned Income Tax Credit’s (EITC) anti-poverty impact measure the number of people the EITC lifts out of poverty by simply comparing...

Happy family outside

Strengthen Minimum Wage - and EITC

May 27, 2015

A range of proposals related to the minimum wage and Earned Income Tax Credit (EITC) have emerged in recent weeks, including a congressional proposal to restore the minimum wage to about half of the median wage and Warren Buffett’s call for a major EITC expansion.  They share the laudable goal of...

Dollar Bill

Despite Anti-Fraud Rhetoric, Republican Budgets Omit Funding to Combat Fraud and Abuse

March 25, 2015

Update, April 13:  We’ve updated this post to reflect more recent information. 

The budgets that the House and Senate will consider...

New Obama Tax Proposals Are More Progressive Than They May Appear

January 30, 2015

The President’s new tax proposals would raise revenues from high-income and wealthy filers and devote much of the savings to other tax proposals that would benefit low- and moderate-income filers. Estimates from the Urban-Brookings Tax Policy Center (TPC) show that the President’s proposals are...

Obama’s Education Tax Proposals Would Help Middle-Class Families, Not Hurt Them as Opponents Inaccurately Claim

January 22, 2015

Some critics claim that President Obama’s proposal to streamline and better target tax credits for higher education represents an attack on middle-class...