Center on Budget and Policy Priorities Analysis on Upcoming Legislation
Two key tax credit provisions in the COVID relief legislation that the House Ways and Means Committee will consider this week would provide significant help to those on the fault lines of some of the pandemic’s worst economic effects. People who have lower incomes, are Black or Latino, have less than a college education, or work in face-to-face service occupations have long faced barriers to high-paying jobs and opportunity, which the pandemic and its economic fallout have widened. The House bill’s provisions making the full Child Tax Credit available to all children except those with the highest incomes (sometimes called making the credit “fully refundable”), and making an expanded Earned Income Tax Credit (EITC) available to far more low-paid childless workers, would result in historic reductions of child poverty and provide timely income support for millions of people, including millions of essential workers.
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