News Round Up: April 27, 2020
April 27, 2020Print
The COVID-19 pandemic is disproportionately affecting low-income communities and exacerbating economic inequality across the country. Throughout this crisis, TCWF will compile news, legislation, and research on how tax credits and other income-boosting policies can provide much-needed relief for the hardest-hit communities:
Top Story: Watch the Consumer Financial Protection Bureau’s new video on what non-tax filers need to know about claiming their Economic Impact Payments. (Consumer Finance)
- A new survey from Pew Research Center found that 43 percent of American households reported lost wages or employment due to the COVID-19 pandemic. (Pew Research Center)
- New research from McKinsey & Company shed light on the fact that black Americans are more likely to experience the health and financial ramifications of the COVID-19 pandemic due to systemic barriers and offered solutions for stakeholders to consider. (McKinsey & Company)
- Last week, the Federal Reserve Bank of Philadelphia hosted a Twitter chat with advocates and experts to discuss COVID-19’s impact on wealth equity and what policies would best support the economic well-being of marginalized communities. Read highlights from the discussion here.