Most federal spending on children in 2019 came from tax provisions and health programs

A new fact sheet from the Urban Institute details federal government spending on children in 2019. The program benefiting children with the highest federal expenditures was the Child Tax Credit at $118 billion in 2019. Although tax provisions are typically associated with adults, authors find that 40 percent of all federal spending on children was from tax provisions. Besides the Child Tax Credit, other key tax provisions that benefit children include the Earned Income Tax Credit (at $59 billion) and the tax exclusion for employer-sponsored insurance (at $24 billion). The program with the second-highest federal expenditures on children in 2019 was Medicaid at $98 billion. Other health programs were also sources of significant spending on kids, including the Children’s Health Insurance Program (CHIP) at $17 billion.

You must be logged in to post a comment.