News Round Up: August 29, 2022

Top Story: Wisconsin Governor Tony Evers (D) recently proposed a plan that would use the state surplus to create new tax breaks for taxpayers, including an expansion of the state’s Child and Dependent Care Tax Credit to 100% of the federal credit. (WHBL)

  • The Institute on Taxation and Economic Policy (ITEP) described the strengths of the recently passed Inflation Reduction Act (IRA) and highlighted additional policies that could further improve tax reform, such as reinstating the 2021 expansion of the federal Child Tax Credit (CTC). (ITEP)
  • The Center on Budget and Policy Priorities (CBPP) highlighted several states that have expanded the EITC and CTC to help working families afford basic necessities this year. (CBPP)