11

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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5

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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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.
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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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24

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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5

Jul 17

White House Eyes Child Tax Credit Expansion

Following a recent meeting between Ivanka Trump, Senator Marco Rubio (R-Fla.) and other lawmakers, administration officials indicated that the White House plans to take action to expand the federal Child Tax Credit (CTC) as part of broader tax reform.
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3

Jul 17

News Round-up: July 3, 2017

Senator Marco Rubio (R-Fla.) and other lawmakers met with Ivanka Trump to discuss expanding the Child Tax Credit (CTC) as part of upcoming tax reform. An administration official has since indicated that the credit will be part of a proposal that the White House's National Economic Council puts forward.
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29

Jun 17

State-Level Tax Credits Can Help Improve Child Well-Being

States working to reduce child poverty and increase the overall well-being of their youngest residents should look to tax credits for workers and their families, according to a recent report.
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26

Jun 17

News Round-up: June 26, 2017

Sen. Sherrod Brown (D-OH) reintroduced his bill from the last Senate session to expand the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC). His bill would increase the EITC for workers not currently raising children, create a separate child tax credit for families raising young children and index the CTC to inflation. Forty-five Democratic senators have signed onto the bill as co-sponsors.
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19

Jun 17

News Round-up: June 19, 2017

The Annie E. Casey Foundation released its annual KIDS COUNT Data Book, which highlights the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) as critical policies to reduce child poverty and ensure better educational and health outcomes. The KIDS COUNT Data Book ranks states on overall child-wellbeing and proposes policy solutions that would make the U.S. a better place for kids to grow up.
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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.
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5

Jun 17

News Round-up: June 5, 2017

After South Carolina passed a bill to create a state-level Earned Income Tax Credit (EITC), the editorial board of North Carolina's Charlotte Observer urged that state's legislature to follow suit and reinstate the credit it eliminated in 2014. The editors wrote that the legislature should learn from South Carolina's bipartisan campaign earlier this year that resulted in an EITC worth 125 percent of the federal credit.
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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.
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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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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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