The Bennet-Brown Child Tax Credit would cut poverty

Policymakers on both sides of the aisle are currently pushing for reforms to the tax code. As part of this effort, legislators have proposed multiple ideas for strengthening the Child Tax Credit (CTC), a program designed to support families raising children in the United States. A recent proposal introduced by Senators Michael Bennet (D-CO) and Sherrod Brown (D-OH) would expand access to the CTC to those at the bottom of the income distribution and boost the value of the CTC for all credit-eligible families. In this brief, we present results from a simulation of the Bennet-Brown bill.
 

Technical note: Estimates in this brief are based on the 2016 Annual Social and Economic Supplement to the Current Population Survey, which pertains to the calendar year 2015.

Reference:
Sarah Flood, Miriam King, Steven Ruggles, and J. Robert Warren. Integrated Public Use Microdata Series, Current Population Survey: Version 5.0. [dataset]. Minneapolis: University of Minnesota, 2017. https://doi.org/10.18128/D030.V5.0.