by Curtis S. Dubay
The Heritage Foundation
June 26, 2014
Members of Congress have renewed the discussion of increasing the Child Tax Credit (CTC) to help the beleaguered middle class. Their desire to help the middle class is laudable. The slow recovery and President Barack Obama’s faulty economic policies have hit the middle class hard, but increasing the CTC is not the best way to deliver relief. The better approach would be tax reform that reduces disincentives to engage in economically productive activities. The current tax code is riddle with disincentives to working, saving, investing, and taking risks. Reducing tax rates on investment is key to a pro-growth tax code that will improve the prospects of middle-class families.

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