News Round-up: May 8, 2017
Here are some highlights from the past week’s news and upcoming events on family tax credit issues.
- Last year, Oklahoma’s legislature voted to make its Earned Income Tax Credit (EITC) nonrefundable. Now, lawmakers are considering a bill to make 50% of the credit refundable (News OK).
- North Carolina Roy Cooper proposed creating a state Child and Dependent Care Tax Credit (CDCTC), which would benefit more than 200,000 families (WNCT).
- A plan in the Nebraska legislature that would have expanded the state’s EITC failed to advance in the state Senate (San Francisco Gate).
- Samuel Hammond writes that expanding the EITC would not only help low- and middle-income families make ends meet, but also create a healthier labor market (Niskanen Center).
- Elaine Maag, a research associate at the Tax Policy Center, wrote about how the Trump administration’s proposal to make the CDCTC refundable doesn’t go far enough in helping low- and middle-income families (Forbes).
- A Bloomberg View column makes the case for expanding the EITC in order to increase workforce participation rates and improve the economy for all Americans (Bloomberg).