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Title: Balancing the Trade-offs: Options for Expanding the Childless Worker Earned Income Tax Credit

Citation Type: Miscellaneous

Publication Year: 2015

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Abstract: Proposals for an earned income tax credit (EITC) expansion for childless workers vary in terms of the size of the credit, the earnings limits for eligibility, and eligibility exclusions. These variations have important implications for who benefits and the associated costs. An expansion of the EITC for childless workers could reach 814 million workers and cost $58 billion in new spending, depending on whether students are excluded and work requirements are adopted. A more generous option could reach 21 million workers but would require as much as $22 billion in new spending. Young people (ages 2124) are the primary beneficiaries of proposed expansions, as are men, who would receive approximately 5560 percent of benefits from any expansion. Women, older workers, and married couples also benefit, but to a lesser extent. Student exclusions and work requirements would lower costs but may be difficult to administer

Url: https://www.aei.org/wp-content/uploads/2015/06/Balancing-the-tradeoffs.pdf

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Authors: Rachidi, Angela

Publisher: American Enterprise Institue

Data Collections: IPUMS CPS

Topics: Other

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