News Round Up: August 24, 2021
Top Story: One Voice Mississippi released a report that builds on the Institute on Taxation and Economic Policy’s annual “Who Pays?” series and analyzes state tax policy and its impact on racial equity in Mississippi. The report gave several recommendations to state policymakers that would reduce racial inequity, including providing refundable tax credits. (One Voice MS)
- The D.C. Council gave final approval to the Budget Support Act last week, passing an amendment to raise the Washington, D.C. Earned Income Tax Credit (EITC) to 100% of the value of the federal credit by 2026, higher than a previously proposed policy. (Street Sense Media)
- A new report from The Commonwealth Institute examined the impact of the expanded federal Child Tax Credit (CTC) in Virginia and estimated the number of children statewide who may be missing out on monthly CTC payments. (The Commonwealth Institute)