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来源类型 | Brief |
规范类型 | 简报 |
Expanding the Earned Income Tax Credit: The Economic Security Project’s Cost-of-Living Refund | |
Elaine Maag; Donald Marron; Erin Huffer | |
发表日期 | 2019-06-10 |
出版年 | 2019 |
语种 | 英语 |
概述 | The cost-of-living refund (CLR), a proposal from the Economic Security Project, would revise the current earned income tax credit (EITC) by increasing benefits for many people, expanding eligibility for the credit, and paying the credit in advance via monthly payments. The proposal would provide up to $4,000 annually to single workers and $8,000 for married couples. Benefits would phase in more rapidly than |
摘要 | The cost-of-living refund (CLR), a proposal from the Economic Security Project, would revise the current earned income tax credit (EITC) by increasing benefits for many people, expanding eligibility for the credit, and paying the credit in advance via monthly payments. The proposal would provide up to $4,000 annually to single workers and $8,000 for married couples. Benefits would phase in more rapidly than under the current EITC and would begin to phase out at higher income levels. Some caregivers and low-income students would be eligible, even with little or no earnings. All workers ages 18 and up would be eligible. On average, the 68 million recipients of the CLR who receive higher CLR benefits than EITC benefits would receive an additional benefit of about $3,430. For the 4 million people would receive a CLR, but their CLR benefits would be less than their current EITC benefits, we describe a way to augment or “patch” the CLR to avoid benefit reductions. The CLR proposal would cost about $2.5 trillion over a 10-year budget window. Patching the CLR with a separate credit for single parents with at least two children would cost an additional $131 billion and represents one way to keep total benefits for families at least as high under the CLR as under the current EITC.
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主题 | Taxes and Budget ; Income and Wealth ; Job Market and Labor Force ; Poverty, Vulnerability, and the Safety Net |
URL | https://www.urban.org/research/publication/expanding-earned-income-tax-credit-economic-security-projects-cost-living-refund |
来源智库 | Urban Institute (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/480617 |
推荐引用方式 GB/T 7714 | Elaine Maag,Donald Marron,Erin Huffer. Expanding the Earned Income Tax Credit: The Economic Security Project’s Cost-of-Living Refund. 2019. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
expanding_the_eitc_2(739KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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