Leave No Child Behind: A Quick Take On How Congress Should Restructure The Child Tax Credit To More Fairly Value Families And Reduce Inequality

Established by Congress in 1997, the child tax credit "Had its genesis in the notion that every family in America should get a $500 allowance for each of their children." According to the Joint Committee on Taxation, the Congress that enacted the credit believed that it would "Better recognize the financial responsibilities of raising dependent children" and "Promote family values." Unfortunately, in its current form, the Child Tax Credit (CTC) is far from a universal benefit - it only recognizes the financial responsibilities of raising dependent children of some families - and has the effect of increasing inequality among families with children.

Provided by: Center for Economic and Policy Research Topic: Software Date Added: Jan 2009 Format: PDF

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