News Round Up: February 24, 2020

Here are some highlights from the past week’s news and upcoming events on family tax credit issues:

Top Story: Elaine Maag, principal research associate at the Tax Policy Center, analyzed presidential hopeful Michael Bloomberg’s proposal to expand the Earned Income Tax Credit (EITC) to family caregivers. (Forbes)

  • The Hawaii House Committees on Finance and Labor & Public Employment passed legislation geared toward supporting the state’s working families that included a measure to make the state EITC refundable. The bill now heads to the full House for consideration. (The Star Advertiser)
  • The Missouri Budget Project released a new one-pager outlining why a state-level EITC would be good for working Missourians. (Missouri Budget Project)
  • The New Mexico House of Representatives passed legislation to expand the state’s EITC, also known as the Working Families Credit, from 17 to 20 percent of the federal credit and expand the credit to filers using an Individual Taxpayer Identification Number. The bill now heads to the Senate for consideration. (Institute on Taxation and Economic Policy)