There’s a strong reason to target public funding to the Families with the youngest children—infants and youngest segment of the population: The investment is toddlers—face the most significant strain, and very likely to pay off. [...] Unlike previous expansions of the annual incomes below $41,000 to $56,000 (the CTC, which disproportionately benefitted lower- cutoff depends on marital status and the number of income families, the most recent expansion, through dependent children) are eligible for the federal EITC.9 the 2017 Tax Cut and Jobs Act, extended eligibility The average annual family benefit is slightly over for the cre. [...] Given the disproportionate federal and state EITC have been used successfully impact of economic shocks on the financial security of in the past to raise the income of low-income working lower-income working families, further expansion to families with children. [...] with the youngest children, for whom the cost of child care is highest and the need for family leave is The EITC is highly efficient. [...] And child care for Expanding the CTC, like the EITC, could be infants and toddlers is particularly expensive, given the achieved in a relatively straightforward manner by even smaller caregiver-to-child ratios needed for the increasing the benefit amount and making the entire youngest children.
- Pages
- 8
- Published in
- United States of America
