23

May 17

Trump Reverses Course on EITC in Budget Proposal

In recent months, President Trump has vowed to help more working families afford child care by bolstering the Earned Income Tax Credit (EITC). Now, he’s proposing to cut spending for the EITC and Child Tax Credit (CTC) by $40 billion, effectively raising taxes on the low-wage working families who may no longer be eligible for these credits.
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22

May 17

News Round-up: May 22, 2017

President Trump's budget proposal, which is set to be announced Tuesday, would reportedly cut spending on the Earned Income Tax Credit (EITC) and Child Tax Credit by $40 million. These tax credits, which have broad bipartisan support, help millions of families climb out of poverty each year.
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16

May 17

News Round-up: May 16, 2017

Last week, Montana and South Carolina enacted bills to create state-level Earned Income Tax Credits (EITCs) on top of the federal credit.
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11

May 17

BREAKING: Montana Enacts State-Level EITC

Today, Montana Gov. Steve Bullock (D) signed into law HB 391, a bill that creates a refundable state Earned Income Tax Credit (EITC) worth 3 percent of the federal credit. The legislation passed both chambers with broad, bipartisan support on Wednesday evening.
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10

May 17

BREAKING: South Carolina Adopts State EITC

South Carolina has become the 27th state to offer a state-level Earned Income Tax Credit (EITC) on top of the federal credit.
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8

May 17

News Round-up: May 8, 2017

Last year, Oklahoma’s legislature voted to make its Earned Income Tax Credit (EITC) nonrefundable. Now, lawmakers are considering a bill to make 50% of the credit refundable.
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1

May 17

News Round-up: May 1, 2017

Last week, two state legislatures approved bills to create new state-level Earned Income Tax Credits (EITCs).
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27

Apr 17

Trump Tax Plan Doesn’t Work for Working Families

Yesterday, President Trump released a plan to make sweeping changes to our nation’s tax code. As it stands, the plan consists of a 200-word list of bullet points. Until further details are released, preliminary analyses show that it would primarily benefit corporations and the wealthy, while providing little relief for low-wage workers and their families.
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24

Apr 17

News Round-up: April 24, 2017

David Harris, president of the Children’s Research and Education Institute, and H. Luke Shaefer, director of Poverty Solutions at the University of Michigan, urged lawmakers and advocates to support changing the Child Tax Credit (CTC) to a universal credit, which would give $1,000 per child to every American family, regardless of their income.
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13

Apr 17

Government Shutdown Would Delay Tax Refunds for Millions of Families

If Congress and the Trump administration can’t agree on a budget by April 28, the resulting government shutdown would not only furlough thousands of federal workers but also prevent millions of families from receiving tax refunds.
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10

Apr 17

News Round-up: April 10, 2017

The Nebraska Revenue Committee voted to advance a bill that would increase the state's Earned Income Tax Credit (EITC) from 10 to 12 percent of the federal credit. The full House will now consider the legislation.
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3

Apr 17

News Round-up: April 3, 2017

Lawmakers in Georgia failed to pass HB329, a bill that would have instituted a flat income tax and created a state Earned Income Tax Credit (EITC). Advocates were wary of some of the bill's provisions that would have raised taxes on the lowest-income earners while substantially reducing the tax burden for those at the top. The bill could be revived during the 2018 legislative session.
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30

Mar 17

Smart Tax Policy Needed to Address the Racial Wealth Gap

Despite nearly a decade of economic recovery, income inequality has only worsened since The Great Recession, particularly for black and Latino workers. While many safety net programs aim to address the racial wealth gap, our federal tax code continues to exacerbate the problem. More progressive tax policy, including a stronger Earned Income Tax Credit (EITC), can help close the divide.
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27

Mar 17

News Round-up: March 27, 2017

The West Virginia Senate continued to debate a tax reform bill that would institute a 2.5 percent flat income tax, increase the state's sales tax from 6 to 8 percent, and create a state Earned Income Tax Credit (EITC). But the bill's future is unclear since the Senate must pass the legislation before March 29 for it to be considered by the House of Delegates.
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23

Mar 17

How Can We Improve the EITC? New Policy Brief from CFED

With Supreme Court nominations, investigations into Russian election interference and a new healthcare bill, Congress has had little time to focus on changing the tax code. But lawmakers and advocates continue to insist that tax reform is coming soon.
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