News Round Up: April 11, 2022
Top Story: With the expiration of the expanded Child Tax Credit (CTC) colliding with the rising cost of basic needs – housing, food and gas – families are finding themselves slipping into poverty. (WABE)
- New York’s adopted budget for 2023 includes the first expansion of the city’s Earned Income Tax Credit (EITC) in nearly 20 years, a component of Mayor Eric Adams’ People’s Plan for New York. (NYC Office of the Mayor)
- Illinois lawmakers approved $1.8 billion in tax cuts for the state’s 2023 budget, which includes the permanent expansion of the state’s EITC for tax filers using an Individual Taxpayer Identification Number (ITIN) and increases the payment from 18% to 20% of the federal EITC. (State-Journal Register)
- In California, the Latino Legislative Caucus outlined its 2023 budget priorities for the state that include extending CTC eligibility to families with no earned income and undocumented residents. (The Fresno Bee)
- A recent survey from the Bipartisan Policy Center and the Morning Consult reveals that 66% of parents are still unaware of the CTC (CNBC)