News Round Up: August 16, 2021

Top Story: A new blog post from the Center on Budget and Policy Priorities (CBPP) highlighted the record number of states – 11 and Washington, D.C. – that created or expanded their Earned Income Tax Credits (EITC) this year. (CBPP)

  • A recent report from the Center for American Progress recommended investing in or expanding anti-poverty programs that take a multigenerational approach, such as the Child Tax Credit (CTC) and EITC, to prevent the cycle of poverty and support entire families. (Center for American Progress)
  • A new research note from CBPP assessed the impact of economic security programs, including the CTC and EITC, finding that existing programs keep 40 million people a year above the poverty line. (CBPP)
  • A new brief from the Council of Economic Advisers and Office of Management and Budget examined rising household costs and how the Biden administration’s Build Back Better plan, which would expand the CTC, could help families better meet their needs. (The White House)
  • A new blog post from CBPP called for Congress to restore CTC eligibility to children with Individual Taxpayer Identification Numbers (ITIN) in upcoming recovery legislation. (CBPP)