8

Dec 17

GOP Tax Plan Penalizes Taxpaying Immigrants

Following the passage of the House and Senate GOP tax reform bills, economic experts and advocacy groups have argued that both versions benefit corporations and wealthy Americans at the expense of low-wage working families. Now, a recent report from UnidosUS shows that among those who stand to lose from tax reform, immigrant households may be hardest hit.
Read More

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

31

Oct 17

Proposal to Overhaul Child Tax Credit Would Significantly Lower Poverty Rate

New legislation proposed by U.S. Senators Michael Bennet (D-CO) and Sherrod Brown (D-OH) would significantly lower child poverty rates by radically expanding the Child Tax Credit (CTC) and creating a tax credit for children under age six.
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

27

Oct 17

Refundable Tax Credits Helped Push Child Poverty Rates to Record Low

Federal safety net programs, including refundable tax credits, have driven a steep decline in child poverty over the last several decades, according to a new report from the Center on Budget and Policy Priorities.
Read More

26

Oct 17

Former White House National Economic Advisor Proposes an “EITC for All”

Gene Sperling, the former national economic advisor to Presidents Clinton and Obama, believes true tax relief for American workers should include an expansion of the EITC for workers without dependent children, a group that has been overlooked in past EITC expansions.
Read More

23

Oct 17

News Round-Up: October 23, 2017

An in-depth look by PolitiFact at the White House tax reform framework, found that while the plan has few specifics about Child Tax Credit (CTC) reform, it is one of the few aspects of the proposal that will benefit low-income working families.
Read More

13

Oct 17

Senate Democrats Introduce Tax Plan that Includes Expansion of EITC and CTC

Two Senate Democrats have committed to expanding the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) as part of “tax reform that rewards work.”
Read More

10

Oct 17

News Round-Up: October 10, 2017

U.S. Senators Tammy Baldwin (D-WI) and Cory Booker (D-NJ) released a new tax plan, the Stronger Way Act, which includes an expansion of the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) to benefit low-income Americans. Specifically, the plan would grow the size of the existing EITC, expand the credit for workers without dependent children, make the CTC refundable and grow the size of the credit.
Read More

3

Oct 17

Bipartisan Coalition Urges Congress to Expand the Child Tax Credit

A bipartisan group of think tanks, advocacy organizations and individuals released a joint statement today calling on Congress to make major improvements to the Child Tax Credit (CTC).
Read More

2

Oct 17

News Round-Up: October 2, 2017

On CBS’s “Face the Nation” Sunday, House Speaker Paul Ryan defended the GOP tax reform framework released last week, crediting the proposed Child Tax Credit (CTC) expansion with helping to provide tax relief for middle-income families. Speaker Ryan also suggested that Congress was “still looking at” expanding the Earned Income Tax Credit (EITC) for childless workers as part of tax reform
Read More

28

Sep 17

GOP Tax Reform Framework Includes Child Tax Credit Expansion

Expanding the Child Tax Credit (CTC) continues to be a top priority for Congressional Republicans, as evidenced by the GOP tax reform framework released yesterday.
Read More

25

Sep 17

News Round-Up: September 25, 2017

A new report from the Institute on Taxation and Economic Policy (ITEP) urges states to use their tax codes to fight poverty by enacting and expanding state-level tax credits
Read More

20

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.
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
1 2 3 14