| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29342 |
| 来源ID | Working Paper 29342 |
| Estimating the Net Fiscal Cost of a Child Tax Credit Expansion | |
| Jacob Goldin; Elaine Maag; Katherine Michelmore | |
| 发表日期 | 2021-10-11 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | 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 use the Current Population Survey to estimate three components of the net fiscal cost: the direct cost (additional tax refunds or lower tax liability), revenue changes due to taxpayers’ labor supply responses, and long-term changes in tax revenue due to changes in children’s future earnings. We find that direct costs are by far the most important component but that long-term earning changes also play an important role, offsetting 20% of the direct costs of making the credit fully refundable. In contrast, labor supply responses modestly contribute to the fiscal cost of the CTC expansions we model. |
| 主题 | Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w29342 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587016 |
| 推荐引用方式 GB/T 7714 | Jacob Goldin,Elaine Maag,Katherine Michelmore. Estimating the Net Fiscal Cost of a Child Tax Credit Expansion. 2021. |
| 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 | ||
| w29342.pdf（698KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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