Model Estimate T22-0153R - Modify Certain Business Provisions Enacted by the 2017 Tax Act (TCJA), Make CTC Fully Refundable, and Extend Expansion of EITC for Workers without Qualifying Children, by ECI Level, 2023 t22-0153r.xls
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Table shows the change in the distribution of federal taxes, by expanded cash income level in 2023, of: repealing amortization of research and experimental (R&E) expenditures; extend limitation of interest deductions to 30 percent of EBITDA; make 100 percent bonus depreciation permanent; make the child tax credit (CTC) fully refundable regardless of earned income or individual income tax liability; and extend expansion of earned income tax credit (EITC) for workers without qualifying children enacted by the American Rescue Plan (ARP). These tables were revised on December 7, 2022.

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Model Estimates Type Distribution Tables by Income Level
Primary topic Campaigns, Proposals, and Reforms
Topics Current legislative proposals Child tax credit (CTC)/Child and dependent care tax credit (CDCTC) Income tax (individual) Low-income households
Model Estimates from the same Simulation Run December 5, 2022
Model Estimate
T22-0156 - Make Child Tax Credit (CTC) Fully Refundable, by ECI Percentile, 2027
Model Estimate
T22-0155 - Make Child Tax Credit (CTC) Fully Refundable, by ECI Level, 2027
Model Estimate
T22-0154R - Modify Certain Business Provisions Enacted by the 2017 Tax Act (TCJA), Make CTC Fully Refundable, and Extend Expansion of EITC for Workers without Qualifying Children, by ECI Percentile, 2023
Model Estimate
T22-0152R - Modify Certain Business Provisions Enacted by the 2017 Tax Act (TCJA), by ECI Percentile, 2023
Model Estimate Resources