Progressive Tax Credit Proposals for Addressing U.S. Poverty in the Upcoming 2020 Elections

Policy Brief
Written By Guest User
Figure1.png

Reducing poverty and inequality is developing into a central issue in the conversation around the 2020 presidential election. This brief contributes to this conversation by simulating the potential impacts of various policy proposals put forward by 2020 candidates, including estimated costs, anti-poverty effects, and distributional implications of proposed plans. All of the proposals that we simulate here involve new or expanded benefits administered through the tax system. We find that each of the five proposals makes a considerable dent in the poverty rate, though impacts vary across different populations and by the estimated costs and targeting of each proposal.

Guest User
Previous

Earning Requirements, Benefit Values, and Child Poverty under the Child Tax Credit: Eliminating the Earnings Requirement Does More to Impact Child Poverty than Increasing Benefit Levels.

Next

Medicaid Work Requirements and Poverty: Losing Coverage Could Cost Families over $1,000 per Year, Throwing Many into Poverty