News Round Up: January 11, 2022
Top Story: Connecticut Governor Ned Lamont (D) directed the state’s Department of Revenue Services to retroactively increase the state’s Earned Income Tax Credit (EITC) from 23 to 41.5 percent of the federal credit, which his office estimates will benefit almost 200,000 households. (Office of Governor Ned Lamont)
- The Center on Budget and Policy Priorities (CBPP) released a new chart highlighting that allowing the federal Child Tax Credit (CTC) expansion to expire will increase the child poverty rate for all racial/ethnic groups. (CBPP)
- TCWF released a new one-pager on the impact of the EITC on rural communities and how permanently expanding the federal EITC would have a positive impact on rural households. (TCWF)
- We wrote a blog about CBPP’s analyses of the federal Build Back Better plan and why it is critical to pass the legislation and permanently expand the CTC for newly eligible families. (TCWF)