Goldin, Jacob; Maag, Elaine; Michelmore, Katherine - National Bureau of Economic Research - 2021
Recent proposals to expand the Child Tax Credit (CTC) are at the center of current policy discussions in the United … States. We study the fiscal cost of three such proposals that would expand refundability of the credit to low-income children …, increase the maximum credit amount, and/or eliminate the income phase-out to make the credit universal. For each proposal, we …