News Round Up: April 23, 2018
Here are some highlights from the past week’s news on family tax credit issues:
Top Story: Wisconsin Governor Scott Walker (R) signed legislation enacting a one-time, state-level, Child Tax Credit (CTC) worth $100 per child. (Wisconsin Public Radio)
- The Missouri House passed a tax overhaul bill that includes the creation of a nonrefundable state-level Earned Income Tax Credit (EITC) worth 20 percent of the federal credit. The bill now heads to the Senate for consideration. (KMOV News)
- The Center on Budget and Policy Priorities (CBPP) highlighted IRS data showing that cuts to the agency’s funding over the past decade continue to force a decline in tax return audits, especially among high-income individuals and large corporations. CBPP recommended policymakers restore IRS funding to minimize costly errors and help preserve the integrity of the tax system. (CBPP)
- 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. This week, we’re highlighting ways in which the EITC can aid criminal justice reform efforts. (TCWF)