News Round Up: August 9, 2021
Top Story: The Senate is currently considering a new budget resolution, which would allow for later legislation to extend the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC) expansions passed under the American Rescue Plan. Read the Center on Budget and Policy Priorities’ (CBPP) statement on the plan. (CBPP)
- A new brief from the National Alliance to End Homelessness provided an overview of the CTC and how to help eligible families experiencing homelessness or other financial hardship file their taxes. (National Alliance to End Homelessness)
- A recent report from CBPP analyzed existing research on the major elements under consideration for recovery legislation, including extending CTC and EITC expansions. (CBPP)
- A recent event hosted by the Institute on Taxation and Economic Policy (ITEP) examined the benefits of monthly CTC payments and how the expanded CTC can help address economic and racial inequities. (ITEP)