Table 1
Reductions in government transfers and tax credits due to a national $15 minimum wage in 2025, billions (2021$)
| Methodology | Major government transfers and tax credits | SNAP and other major transfers | EITC and CTC |
|---|---|---|---|
| Dube 2019b and EPI 2021 | -$31.0 | -$10.3 | -$20.7 |
| Dube 2019b and CBO 2019 | -$15.5 | -$5.2 | -$10.3 |
| Cooper 2016 and EPI 2021 | -$13.4 | -$7.0 | -$6.5 |
Note: SNAP stands for Supplemental Nutrition Assistance Program; EITC stands for earned income tax credit; CTC stands for child tax credit.
Sources: CBO 2019, Cooper 2016, Dube 2019b, EPI 2021.
This chart appears in:
Previous chart: « Wages grew unusually fast between 2019 and 2020: Cumulative change in real hourly wages of workers, for selected wage percentiles, 1979–2020
Next chart: Reductions in SNAP expenditures due to a national $15 minimum wage in 2025, billions (2021$) »