21

Feb 17

News Round-up: February 21, 2017

Last week, Georgia lawmakers introduced two separate bills to create a state-level Earned Income Tax Credit (EITC). The first, SB 172, would create a refundable state EITC worth 10 percent of the federal credit. The second, HB 329, is a tax reform package that includes a 10 percent nonrefundable state EITC.
Read More

15

Feb 17

Video of Feb. 13 Capitol Hill Briefing: “How Will Tax Credits Fare through Tax Reform?”

On Monday, TCWF joined Spotlight on Poverty and Opportunity to host a bipartisan briefing on the future of tax credits for low-wage workers as Congress weighs tax reform.
Read More

14

Feb 17

News Round-up: February 14, 2017

Members of the House Committee on Ways and Means introduced bills to improve tax credits for workers and families. Rep. Richard Neal (D-Mass.) proposed a bill that would lower the Earned Income Tax Credit’s (EITC’s) age requirement from 25 to 21 and expand the EITC for workers not raising children. Rep. Rose DeLauro (D-Conn.) announced her bill to index the Child Tax Credit (CTC) for inflation and expand the credit for parents raising children under the age of six.
Read More

6

Feb 17

News Round-up: February 6, 2017

Wisconsin Gov. Scott Walker (R) announced a plan that would expand the state’s Earned Income Tax Credit (EITC) for families raising just one child from 4 percent to 11 percent of the federal credit. Democrats are advocating for the state legislature to expand the credit for all families, no matter how many children they have.
Read More

30

Jan 17

News Round-up: January 30, 2017

Advocates, policymakers, taxpayers and others took part in Earned Income Tax Credit (EITC) Awareness Day on Friday, January 27, celebrating the EITC’s vital role in helping lower-income families make ends meet. This Thursday, February 2, TCWF and the Corporation for Enterprise Development (CFED) will host a Capitol Hill policy briefing on reducing wealth inequality and protecting consumers at tax time and beyond through tax credits like the EITC. Sen. Sherrod Brown (D-Ohio) and Rep. Gwen Moore (D-Wisc.) will give keynote remarks, followed by two panel discussions among experts in the field. RSVP for the briefing here
Read More

27

Jan 17

How Will Tax Reform Affect Tax Credits for Low-Wage Workers?: A Bipartisan Briefing

How will tax credits for low-wage workers fare through impending tax reform under the 115th Congress and Trump administration? The non-partisan Spotlight on Poverty and Opportunity and Tax Credits for Workers and their Families (TCWF) invite you to a February 13 Capitol Hill briefing to discuss research and recent developments about these credits and what lies ahead.
Read More

23

Jan 17

Capitol Hill Briefing: Reducing Wealth Inequality and Protecting Consumers at Tax Time and Beyond

How can federal policymakers, researchers and advocates support policies that not only help low-income Americans build wealth but also retain it? Tax Credits for Workers and their Families (TCWF) and the Corporation for Enterprise Development (CFED) invite you to a February 2 Capitol Hill briefing to outline actions Congress can take to strengthen proven safety net programs, such as the Earned Income Tax Credit (EITC), while ensuring consumer protection.
Read More

23

Jan 17

News Round-up: January 23, 2017

What would it take for the Earned Income Tax Credit (EITC) to be even more effective at reducing poverty? Wharton business economics and public policy professor Benjamin Lockwood argued that since the EITC’s benefits are mostly concentrated among parents, expanding the credit to workers not raising children would bring the poverty rate even lower and lessen income inequality.
Read More

17

Jan 17

News Round-up: January 17, 2017

New research from the Institute for Research on Labor and Employment at the University of California at Berkeley has determined the Earned Income Tax Credit (EITC) is even more effective at reducing poverty than previously thought. Berkeley Professor and report author Hillary Hoynes wrote that "the true anti-poverty effects of the EITC have been underestimated by up to 50 percent."
Read More

9

Jan 17

News Round-up: January 9, 2017

New York Gov. Andrew Cuomo (D) announced his plan to create an Enhanced Middle Class Child Care Tax Credit. The credit, which would supplement the state’s current Child and Dependent Care Tax Credit (CDCTC), would double benefits for the 200,000 families earning $60,000 to $150,000 per year.
Read More

5

Jan 17

The Year of the EITC? Several States Already Considering Tax Credit Legislation

States considered more than 170 bills related to the Earned Income Tax Credit (EITC) during 2016 legislative sessions, and just five days into 2017, this year looks like it will see at least as much activity to expand or reduce the credit.
Read More

3

Jan 17

News Round-up: January 3, 2017

The 115th Congress was sworn in and tax reform will likely be high on the agenda, with debate on new tax legislation expected to begin this spring. But what that legislation looks like is anyone's guess since neither Congressional Republicans nor President-Elect Donald Trump (R) have announced their priorities. House Speaker Paul Ryan (R) and Trump have said in the past that they support increasing the Earned Income Tax Credit (EITC).
Read More

19

Dec 16

News Round-up: December 19, 2016

Arkansas Gov. Asa Hutchinson (R) announced a plan to lower the income tax rate for individuals earning less than $21,000 per year. While many lawmakers praised Gov. Hutchinson’s commitment to helping low-income families make ends meet, some Democratic lawmakers said such households would be better served by a state-level Earned Income Tax Credit (EITC).
Read More

12

Dec 16

News Round-up: December 12, 2016

Advocates are concerned that Kansas lawmakers may eye the state’s Earned Income Tax Credit (EITC) for cuts this legislative session. After Gov. Sam Brownback signed into law extreme tax cuts in 2012, the state faced serious budget problems—experts predict a $350 million revenue shortfall in the current fiscal year.
Read More

8

Dec 16

Ready, Set, Tax Time: Three Tips for Planning Stellar EITC Campaigns

With the 2017 tax season only a month away, advocates across the country are planning campaigns to protect, advance and raise awareness about tax credits like the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC). To help prepare for the tax time rush, TCWF has compiled tips and newly released materials to guide organizations towards successful campaigns.
Read More