Report: EITC Bill Would Lower Revenue, Increase Progressivity

Report: EITC Bill Would Lower Revenue, Increase Progressivity

Tax Foundation

The Cost-of-Living Refund Act of 2019 (S. 527), which proposes to expand the earned income tax credit, would lower federal revenue by $1.8 trillion between 2020 and 2029, slightly reduce the incentive to work and economic output, and make the tax code significantly more progressive, according to an analysis from the Tax Foundation.

The Cost-of-Living Refund Act of 2019 (S. 527), which proposes to expand the earned income tax credit, would lower federal revenue by $1.8 trillion between 2020 and 2029, slightly reduce the incentive to work and economic output, and make the tax code significantly more progressive, according to an analysis from the Tax Foundation.

The Cost-of-Living Refund Act of 2019 (<a href="/lr/resolve/-/296g0" title=" ">S. 527</a>), which proposes to expand the earned income tax credit, would lower federal revenue by $1.8 trillion between 2020 and 2029 on a conventional basis, slightly reduce the incentive to work and economic output, and make the tax code significantly more progressive, according to March 6 analysis from the Tax Foundation.

The Cost-of-Living Refund Act of 2019 (S. 527), which proposes to expand the earned income tax credit, would lower federal revenue by $1.8 trillion between 2020 and 2029 on a conventional basis, slightly reduce the incentive to work and economic output, and make the tax code significantly more progressive, according to March 6 analysis from the Tax Foundation.