May 22, 2019

Cost-of-Living Refund Act


Data available for download

The Cost-of-Living Refund Act would expand the Earned Income Tax Credit (EITC) for low- and moderate-income working people. The maximum EITC would nearly double for working families with children. Working people without children would receive an EITC that is nearly six times the size of the small EITC that they are allowed under current law.

For more information, see the ITEP report, Understanding Five Major Federal Tax Credit Proposals.

Lead Sponsor/Proponent

General Explanation

Share Going to Bottom 60%

Share Going to Richest 20%
Total Cost
CY 2020
Sen. Sherrod Brown
Rep. Ro Khanna
Major Expansion of EITC 94% 1% $158.5 billion

State Impact    National Impact    Who Benefits?    Distribution by Race