Back to Universal Earned Income Tax Credit (UEITC) Options (July 2020)
Model Estimate T20-0207 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 11 Percent Broad Base VAT, by Expanded Cash Income Percentile, 2020 0207_wagecredit_11_broad_percentiles_2020.xls
(242.5 KB)

Distributional estimates by expanded cash income percentile for calendar year 2020 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here), enhances the Child Tax Credit (CTC), and adds an 11 percent broad base Value Added Tax (VAT). The baseline is the law in place for 2020 as of January 1st, 2018. These proposals would begin phasing in on January 1st, 2020, and would be fully phased in on January 1st, 2023. These estimates are based on an economic forecast that does not include the potential effects of the economic distruption caused by COVID-19. 
Model Estimates Type Distribution Tables by Income Percentile
Primary topic Individual Taxes
Topics Earned income tax credit (EITC) Low-income households Tax credits (individual)
Model Estimates from the same Simulation Run July 1, 2020
Model Estimate
T20-0206 - Impacts of Universal Earned Income Tax Credit (UEITC) Options on Tax Revenues in Billions of Dollars, Fiscal Years 2020-2029
Model Estimate Resources
  • Tax Model Resources
  • Guide to Tables
  • Videos
    •