Distributional effect of Senator Kamala Harris' LIFT (Livable Incomes for Families Today) the Middle Class Act, under a current law baseline as of November 14, 2018. These estimates are based on a preliminary version of the bill in which the credit for heads of household phased out between $80,000 and $100,000. Updated tables that show the credit for head of household filers phasing out from $60,000 to $80,000, consistent with S.4 – 116th Congress (2019-2020) and S. 3712 – 115th Congress (2017-2018) are now available.
Revenue impact of Senator Kamala Harris' LIFT (Livable Incomes for Families Today) the Middle Class Act, under a current law baseline as of November 14, 2018. These estimates are based on a preliminary version of the bill in which the credit for heads of household phased out between $80,000 and $100,000. Updated tables that show the credit for head of household filers phasing out from $60,000 to $80,000, consistent with S.4 – 116th Congress (2019-2020) and S. 3712 – 115th Congress (2017-2018) are now available. Estimates are shown for fiscal years and calendar years 2019-2038.
Table shows the distributional effects by expanded cash income level of reducing the eligibility age for the 0 child credit from at least 25 to at least 21. Baseline is the law in place for 2018 as of 10/30/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
Table shows the distributional effects by expanded cash income percentile of reducing the eligibility age for the 0 child credit from at least 25 to at least 21. Baseline is the law in place for 2018 as of 10/30/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
Table shows the distributional effects by expanded cash income level of reducing the eligibility age for the 0 child credit from at least 25 to at least 19. Baseline is the law in place for 2018 as of 10/30/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
Table shows the distributional effects by expanded cash income percentile of reducing the eligibility age for the 0 child credit from at least 25 to at least 19. Baseline is the law in place for 2018 as of 10/30/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
Table shows the distributional effects by expanded cash income percentile of reducing the eligibility age for the 0 child credit from at least 25 to at least 19. Baseline is the law in place for 2018 as of 10/30/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
Table shows the distributional effects by expanded cash income level of increasing the eligibility age for the 0 child credit from under 65 to under 67. Baseline is the law in place for 2018 as of 10/30/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
Table shows the distributional effects by expanded cash income percentile of increasing the eligibility age for the 0 child credit from under 65 to under 67. Baseline is the law in place for 2018 as of 10/30/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm
Table shows the distributional effects by expanded cash income level of increasing the age range for eligibility for the 0 child credit from 25-64 to 21-67. Baseline is the law in place for 2018 as of 10/30/2018. For more information on TPC’s baseline definitions, see: http://www.taxpolicycenter.org/taxtopics/Baseline-Definitions.cfm