In a new report, we examine four options for a tax credit to help offset families' burden from IEEPA tariffs.

We say “Happy Birthday” to America with this list of ten tax facts, each worth knowing as the country looks back on its first 250 years and ahead to the next 250.

Buy-borrow-die is a real loophole, and in absolute terms the rich borrow a lot—but the data say the very wealthy are mostly saving, not borrowing.

TPC estimates that under the FFA, 62 percent of families with children would see an average increase in their after-tax income of about $2,100, largely driven by the CTC expansion. At the same time, changes to other benefits mean that 32 percent of families with children would see an average decrease in their after-tax income of about $1,700. 

The fact that the CTC goes to nearly all families with children is only part of the story. TPC analysis shows the lowest-income families are the least likely to benefit from the CTC and they benefit less than higher income families from the entire 2025 tax law, as well.