Institute on Taxation and Economic Policy. September 2022. A recent report from the Institute on Taxation and Economic Policy (ITEP) compares two approaches to expanding the Child Tax Credit (CTC) – Sen. Mitt Romney’s (R-UT) plan and a full extension of the 2021 CTC expansion – and their potential impacts if they are fully enacted in 2023.
National and State-by-State Estimates of Two Approaches to Expanding the Child Tax Credit