Pick Your Child Tax Credit

Alex Brill, Kyle Pomerleau, and Grant M. Seiter | AEIdeas

The Child Tax Credit (CTC) is all the rage these days. Democrats and Republicans both are advancing proposals to increase the maximum value of the CTC and make it available to more families.

We have developed a web application to accompany our recent report. Design Your Own Child Tax Credit Reform allows any user to compare popular current proposals or choose the parameters of their own preferred custom CTC reform.

The tool provides estimates of how these proposals impact the total value of child benefits, the budgetary impact of the Child Tax Credit, poverty rates, the average value of child tax benefits, and the impact on marginal effective tax rates for households with children. The estimates are based on a large database of anonymized tax returns and a detailed model of the federal individual income tax.

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