JEC Republicans: Child Tax Credits Should Promote Work, Not Undermine It
WASHINGTON—The Biden Administration’s proposals to extend the expanded child tax credit programs would discourage a return to work for many American families.
In new research released today, the Joint Economic Committee’s Social Capital Project finds that extending the expanded Child Tax Credit (CTC) and Child and Dependent Care Tax Credit (CDCTC) programs without work requirements would decrease many families’ earnings and well-being over the long term. The proposed extensions could reduce family stability, would likely fail to cut deep child poverty, and may lead many Americans to exit the workforce at a time when reconnecting Americans to work is more critical than ever.
Work is one of the most important paths out of poverty for parents and their children, and policies that support work can help more American families thrive.
The Joint Economic Committee is Congress’s bicameral economic research center and home of the Social Capital Project, led by Ranking Member Mike Lee.