Options for Reforming the Child Tax Credit to Support American Families

Monday, 25 March 2024, 18:31

The American tax code poses challenges for families with overlapping benefits that can hinder rather than help them. This analysis explores various options for reforming the Child Tax Credit to alleviate poverty, mitigate work penalties, and lessen marriage penalties. By consolidating provisions, the tax code complexity can be reduced, providing a stronger foundation for American families.

Building a Stronger Foundation for American Families

For families, the American tax code has become a maze of overlapping benefits that often work at cross-purposes. Our analysis provides a menu of options for reducing poverty, work penalties, and marriage penalties while reducing tax code complexity through consolidation.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.