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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.
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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
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Nov 17

News Round-Up: November 13, 2017

As Congress continues a heated debate over tax reform, studies from tax policy experts found that the two latest GOP plans would do little to boost tax credits for working families.
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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.
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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.
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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.
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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
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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
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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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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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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

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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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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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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