News Round Up: August 2, 2021

Top Story: A new report from the Center on Budget and Policy Priorities (CBPP) advocated for aggressive local outreach to the families of nearly 4 million children who may miss monthly Child Tax Credit (CTC) payments this year. (CBPP)

  • A recent blog post from the Institute on Taxation and Economic Policy lauded the temporary CTC expansion but called for policymakers to enact additional measures to support children in lower-income families. (ITEP)
  • CBPP recently updated its COVID-19 hardship tracker with June 2021 data on hunger, housing, and employment, projecting that the economic impacts of the pandemic will have been further alleviated in July after families received their first CTC payments. (CBPP)
  • Indiana lawmakers recently increased the state Earned Income Tax Credit (EITC) from 9% to 10% of the federal credit, and the expansion will take effect in 2022. (ITEP)
  • The D.C. Council recently voted to expand and reform Washington, D.C.’s EITC, increasing the credit’s value to 55% of the federal EITC and distributing it in monthly payments rather than in a lump sum. (DCist)