Expand the Refundable Tax Credits
The 2025 tax fight offers an opportunity to implement tax credit expansions proven to support families
Published: October 30th, 2024
The expiration of the 2017 tax law in 2025 will provide an opportunity for policymakers to make the tax code more progressive, including by expanding the refundable tax credits to benefit those families most in need of support.
Policymakers should build off the American Rescue Plan expansions of the Child Tax Credit (CTC), Earned Income Tax Credit (EITC), and Child and Dependent Care Tax Credit (CDCTC), and prioritize refundable tax credit changes that reduce poverty; promote racial and gender equity; and improve the economic, mental, and physical well-being of women and families.
These changes would support women, families of color, and families with low and moderate incomes and help build an economy that works for all of us, not just the wealthy few.