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Sep 17

Could This New Tax Credit Alleviate Child Poverty?

A new plan to implement a Young Child Tax Credit (YCTC) could bring much-needed relief to  low-income families with children under the age of five.
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Sep 17

News Round-Up: September 18, 2017

U.S. Senator Sherrod Brown (D-OH) and Representative Ro Khanna (D-CA) introduced the Grow American Incomes Now (GAIN) Act in the House and Senate, which would double the Earned Income Tax Credit (EITC) for eligible workers, increase the credit for workers without dependent children and lower the qualifying age.
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14

Sep 17

New Research Bolsters Growing Momentum to Expand EITC for “Childless Workers”

Promising new findings from an Earned Income Tax Credit (EITC) pilot program and a Tax Credits for Working Families (TCWF) focus group reinforce growing bipartisan support for expanding the EITC for “childless workers,” meaning those without dependent children.
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14

Sep 17

New Report Recommends Expanding the EITC to Address the Racial Wealth Divide

Expanding the Earned Income Tax Credit (EITC) is a key part of a broader policy agenda to address the racial wealth divide, according to a new report from Prosperity Now (formally CFED) and the Institute for Policy Studies.
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13

Sep 17

Senator Sherrod Brown, Rep. Ro Khanna Propose Major EITC Expansion

Two members of Congress are teaming up to bring much-needed relief to low-wage workers and their families through an expanded Earned Income Tax Credit (EITC).
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Sep 17

News Round-Up: September 11, 2017

A House Budget Committee proposal to require the IRS to verify incomes for all taxpayers filing for the Earned Income Tax Credit (EITC) could harm millions of low-wage workers and cause serious problems for the agency's processing of tax returns, according to the Center on Budget and Policy Priorities (CBPP). Currently, the IRS only verifies income for filers selected for audit.
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Sep 17

News Round-Up: September 5, 2017

A campaign to raise Earned Income Tax Credit (EITC) awareness in Detroit has paid off to the tune of $74 million back in taxes for low-wage workers and their families. Detroit Mayor Mike Duggan launched the campaign last year, which featured billboards, brochures, ads on mass transit, stories placed in local news outlets and more.
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31

Aug 17

New Study Supports Growing Evidence that EITC Improves Infant Health

New findings from the National Bureau of Economic Research (NBER) are the latest to substantiate the connection between the Earned Income Tax Credit (EITC) and improved health outcomes.
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Aug 17

News Round-Up: August 14, 2017

New research from economist Emmanuel Saez of the University of California, Berkeley and collaborators shows just how drastically the distribution of recent economic growth has skewed towards the top one percent of income earners. Saez’s findings add to a growing body of research indicating a dire need for stronger policies that benefit low and moderate-income workers, such as tax credits for working families.
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Aug 17

Guest Post: Improving the Child and Dependent Care Tax Credit Would Help Working Families

As Congress turns its attention from health care to tax policy, policymakers need to keep working families in mind. Tax credits for working families, like the Child and Dependent Care Tax Credit (CDCTC), help them make ends meet, and should be preserved – if not expanded – in any proposal to change the nation’s tax policies.
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Aug 17

News Round-Up: August 7, 2017

U.S. Representatives Kevin Yoder (R-KS) and Stephanie Murphy (D-FL) have proposed bipartisan legislation, the Promoting Affordable Childcare for Everyone Act, which would make the Child and Dependent Care Tax Credit refundable and index the credit to inflation to reflect the rising cost of child care over time.
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3

Aug 17

Expanding Tax Credits Can Help Close the Women’s Wealth Gap

Expanding the Earned Income and Child Tax credits is a key component of broader efforts to close the women’s wealth gap, according to a new video.
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31

Jul 17

News Round-Up: July 31, 2017

A Boston-based nonprofit, StreetCred, emphasizes the connection between health and financial security by raising awareness about the Earned Income Tax Credit (EITC) and helping low-income workers prepare their taxes and claim the EITC while at the doctor’s office.
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25

Jul 17

New Report Highlights EITC as Policy Solution for Millions of Americans Stuck in Economic Limbo

The Earned Income Tax Credit (EITC) is vital for helping the millions of working Americans who may be getting by but aren’t getting ahead, according to a new report from Prosperity Now (formerly CFED).
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Jul 17

News Round-Up: July 24, 2017

The House Budget Committee released its budget proposal for fiscal year 2018, which would bar many taxpayers from receiving the Earned Income and Child Tax credits by requiring a work-authorized Social Security Number for eligibility. (Business Wire; The Hill)
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