By Jared Bernstein
October 9, 2014
If you will take a brief amble with me through some budget weeds, I assure you it will be in your interest.
Even people who pay some attention to such things don’t know that an important work-support for low-income families is scheduled to expire at the end of 2017. I’m talking about parts of the refundable portions of the Child Tax Credit (CTC) and the Earned Income Tax Credit (EITC) that were expanded in recent years. Without Congressional action, these improvements will go up in smoke at the end of 2017.