10

Apr 17

News Round-up: April 10, 2017

The Nebraska Revenue Committee voted to advance a bill that would increase the state's Earned Income Tax Credit (EITC) from 10 to 12 percent of the federal credit. The full House will now consider the legislation.
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3

Apr 17

News Round-up: April 3, 2017

Lawmakers in Georgia failed to pass HB329, a bill that would have instituted a flat income tax and created a state Earned Income Tax Credit (EITC). Advocates were wary of some of the bill's provisions that would have raised taxes on the lowest-income earners while substantially reducing the tax burden for those at the top. The bill could be revived during the 2018 legislative session.
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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.
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20

Mar 17

News Round-up: March 20, 2017

Here are some highlights from the past week's news and upcoming events on family tax credit issues. In trying to...
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13

Mar 17

News Round-up: March 13, 2017

A bill to create a Montana Earned Income Tax Credit (EITC) cleared a major legislative hurdle and was voted out of the House Committee on Taxation. The bill, HB 391, now proceeds to a full House vote. Meanwhile, a companion bill continues to make its way through Senate committees.
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6

Mar 17

News Round-up: March 6, 2017

Utah’s Senate Revenue and Taxation Committee approved a bill that would create a state EITC. The bill, which is designed to help break the state’s cycle of poverty, will now be voted on by the full Senate.
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21

Feb 17

News Round-up: February 21, 2017

Last week, Georgia lawmakers introduced two separate bills to create a state-level Earned Income Tax Credit (EITC). The first, SB 172, would create a refundable state EITC worth 10 percent of the federal credit. The second, HB 329, is a tax reform package that includes a 10 percent nonrefundable state EITC.
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14

Feb 17

News Round-up: February 14, 2017

Members of the House Committee on Ways and Means introduced bills to improve tax credits for workers and families. Rep. Richard Neal (D-Mass.) proposed a bill that would lower the Earned Income Tax Credit’s (EITC’s) age requirement from 25 to 21 and expand the EITC for workers not raising children. Rep. Rose DeLauro (D-Conn.) announced her bill to index the Child Tax Credit (CTC) for inflation and expand the credit for parents raising children under the age of six.
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6

Feb 17

News Round-up: February 6, 2017

Wisconsin Gov. Scott Walker (R) announced a plan that would expand the state’s Earned Income Tax Credit (EITC) for families raising just one child from 4 percent to 11 percent of the federal credit. Democrats are advocating for the state legislature to expand the credit for all families, no matter how many children they have.
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30

Jan 17

News Round-up: January 30, 2017

Advocates, policymakers, taxpayers and others took part in Earned Income Tax Credit (EITC) Awareness Day on Friday, January 27, celebrating the EITC’s vital role in helping lower-income families make ends meet. This Thursday, February 2, TCWF and the Corporation for Enterprise Development (CFED) will host a Capitol Hill policy briefing on reducing wealth inequality and protecting consumers at tax time and beyond through tax credits like the EITC. Sen. Sherrod Brown (D-Ohio) and Rep. Gwen Moore (D-Wisc.) will give keynote remarks, followed by two panel discussions among experts in the field. RSVP for the briefing here
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23

Jan 17

News Round-up: January 23, 2017

What would it take for the Earned Income Tax Credit (EITC) to be even more effective at reducing poverty? Wharton business economics and public policy professor Benjamin Lockwood argued that since the EITC’s benefits are mostly concentrated among parents, expanding the credit to workers not raising children would bring the poverty rate even lower and lessen income inequality.
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17

Jan 17

News Round-up: January 17, 2017

New research from the Institute for Research on Labor and Employment at the University of California at Berkeley has determined the Earned Income Tax Credit (EITC) is even more effective at reducing poverty than previously thought. Berkeley Professor and report author Hillary Hoynes wrote that "the true anti-poverty effects of the EITC have been underestimated by up to 50 percent."
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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.
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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).
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19

Dec 16

News Round-up: December 19, 2016

Arkansas Gov. Asa Hutchinson (R) announced a plan to lower the income tax rate for individuals earning less than $21,000 per year. While many lawmakers praised Gov. Hutchinson’s commitment to helping low-income families make ends meet, some Democratic lawmakers said such households would be better served by a state-level Earned Income Tax Credit (EITC).
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