4

Dec 17

News Round-Up: December 4, 2017

This weekend, the Senate passed its version of the Tax Cuts and Jobs Act, bringing the GOP’s vision for tax reform one step closer to reality. Though the plan includes an expansion of the Child Tax Credit (CTC), the proposed changes primarily benefit higher-income families and exclude those with lower wages. As Senate and House Republicans work to reconcile the differences between their two tax plans, experts are urging Congress to do more to help low-wage working families
Read More

30

Oct 17

News Round-Up: October 30, 2017

U.S. Senators Michael Bennet (D-CO) and Sherrod Brown (D-OH) have proposed new legislation – the American Family Act of 2017 – that would dramatically expand the Child Tax Credit and introduce a new credit, the Young Child Tax Credit. Researchers believe the proposal would cut the child poverty rate by an estimated 45 percent — lifting more than 7 million children out of poverty.
Read More

18

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.
Read More

14

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.
Read More

7

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.
Read More

12

Jun 17

News Round-up: June 12, 2017

California is one step closer to expanding its state-level Earned Income Tax Credit (EITC). The bill, which was incorporated into the proposed state budget, would increase the credit's income cap from less than $15,000 per year to $22,300 per year, a change that would allow thousands more California families to become eligible for the credit. Lawmakers must vote on the budget before the legislative session ends June 15.
Read More

30

May 17

News Round-Up: May 30, 2017

Last week, U.S. Representatives Danny K. Davis (D-IL) and Suzan K. DelBene (D-WA) introduced the Child Care and Dependent Credit Enhancement Act of 2017, which would expand the federal Child and Dependent Care Tax Credit (CDCTC), index the credit to inflation and make it refundable.
Read More

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.
Read More

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).
Read More

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.
Read More

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.
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

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

6

Dec 16

News Roundup: December 6, 2016

Missouri Rep. Mike Kelley (R) pre-filed a bill to create a state Earned Income Tax Credit (EITC). The state’s legislative session officially begins January 4.
Read More

31

Oct 16

News Round-up: October 31, 2016

With just over a week until Election Day, experts are examining what tax code reforms proposed by Donald Trump and Hillary Clinton would mean for working families.
Read More
1 2 3