News Round Up: March 26, 2018
Here are some highlights from the past week’s news on family tax credit issues:
- The Wisconsin Legislature passed a bill to create a one-time, state-level Child Tax Credit (CTC) worth $100 per child. The legislation now heads to Governor Scott Walker (R) for signature. (The Cap Times)
- The Idaho Legislature passed a bill to increase the state’s brand-new CTC from $130 to $205 per child, and the legislation now heads to the governor’s desk. The new credit was enacted earlier this month as part of a larger tax package that primarily benefited wealthier families. (S. News)
- In an interview with CNNMoney, Facebook co-founder Chris Hughes discussed his proposal to expand the Earned Income Tax Credit (EITC) to provide a basic monthly income for every working adult earning less than $50,000. Hughes called the EITC “the single most successful program to support economic mobility and fight poverty in the United States.” (CNNMoney)
- Over the next month, join us on Twitter using #EITC4Equity as we explore how the EITC can help advance social justice in the U.S. (TCWF)