News Round Up: January 24, 2022

Top Story:  In their most recent op-ed, former U.S. Representatives Ben McAdams (D-UT) and Dennis Ross (R-FL) come together to emphasize the urgency to renew the Child Tax Credit (CTC) expansion and call on Congress to push bipartisan politics aside to pass Build Back Better. (The Hill)

  • Ian Gordon, Vice President, Community Impact and Engagement at United Way National Capital Area reminded eligible Maryland residents of the importance of filing for the Earned Income Tax Credit (EITC) ahead of national EITC Awareness Day on January 28. (The Sentinel)
  • In the first month since July, families across the nation are beginning to feel their financial burdens compound without a renewal of the CTC expansion. (Oregon Public Radio)
  • As President Biden works with lawmakers on Build Back Better re-negotiations, U.S. Treasury Secretary Janet Yellen shares that two years of universal early childhood education and an expanded EITC were critical components of the $1.7 trillion plan. (Reuters)
  • The Rundown: The Institute on Taxation and Economic Policy (ITEP) is keeping tabs on which governors are floating or proposing tax cuts in their yearly addresses. (ITEP)
  • Recently, Senior House Democrats introduced legislation that would expedite tax refunds for EITC recipients. (AccountingToday)