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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20

Mar 17

News Round-up: March 20, 2017

Here are some highlights from the past week's news and upcoming events on family tax credit issues. In trying to...
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17

Mar 17

Mid-Session Update: State EITCs Are on the Move

During 2016, states considered more than 170 bills related to the Earned Income Tax Credit (EITC). Now, at the mid-point in most state legislative sessions, it's already clear that the EITC may be even more popular in 2017, with many states considering creating, expanding, or making refundable EITC programs. Here are some of the states where the EITC is on the move.
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13

Mar 17

News Round-up: March 13, 2017

A bill to create a Montana Earned Income Tax Credit (EITC) cleared a major legislative hurdle and was voted out of the House Committee on Taxation. The bill, HB 391, now proceeds to a full House vote. Meanwhile, a companion bill continues to make its way through Senate committees.
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8

Mar 17

New report sheds light on undocumented immigrants’ tax contributions

New findings from the Institute on Taxation and Economic Policy (ITEP) showing that undocumented immigrants make major contributions to state and local tax systems can help to inform policymakers as they consider immigration reform.
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6

Mar 17

News Round-up: March 6, 2017

Utah’s Senate Revenue and Taxation Committee approved a bill that would create a state EITC. The bill, which is designed to help break the state’s cycle of poverty, will now be voted on by the full Senate.
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1

Mar 17

State EITCs Can Help Advance Racial Equity

State-level Earned Income Tax Credits (EITCs) are particularly effective programs for reducing poverty, especially among households of color, new research finds.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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