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Distributional estimates by expanded cash income level for calendar year 2028 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here), enhances the Child Tax Credit (CTC), and adds an 12 percent surtax on taxable income. The baseline is the law in place for 2028 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.
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T20-0216 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 12 Percent Surtax on Taxable Income, by Expanded Cash Income Level, 2020
T20-0217 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 12 Percent Surtax on Taxable Income, by Expanded Cash Income Percentile, 2023
T20-0218 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 12 Percent Surtax on Taxable Income, by Expanded Cash Income Level, 2023
T20-0219 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 12 Percent Surtax on Taxable Income, by Expanded Cash Income Percentile, 2028
T20-0214 - Implement a Universal Earned Income Tax Credit (UEITC), Provide a Universal Basic Income (UBI), and Institute an 11 Percent Broad Base VAT, by Expanded Cash Income Level, 2023
T20-0213 - Implement a Universal Earned Income Tax Credit (UEITC), Provide a Universal Basic Income (UBI), and Institute an 11 Percent Broad Base VAT, by Expanded Cash Income Percentile, 2023
T20-0212 - 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 Level, 2028
T20-0215 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 12 Percent Surtax on Taxable Income, by Expanded Cash Income Percentile, 2020
