News Round Up: July 13, 2020
Top Story: A task force convened by former Vice President Joe Biden and U.S. Senator Bernie Sanders (I-VT), released a joint policy platform designed to move the country in a progressive direction, which included recommendations to improve refundable tax credits for working families. (U.S. News & World Report)
- The Institute on Taxation and Economic Policy (ITEP) outlined recommendations for how the Internal Revenue Service (IRS) can address the racial wealth divide, such as collecting accurate data to grasp the full impact of the tax system on people of color and increasing funding to allow for equitable enforcement of policies. (ITEP)
- Researchers at the Center on Budget and Policy Priorities (CBPP) urged federal policymakers to enact stronger stimulus measures that provide critical income support to working households and give states additional relief during the COVID-19 recession. (CBPP)
- A new report from the Urban Institute found that unemployment insurance and federal economic impact payments reduced food insecurity and material hardship for families impacted by COVID-19. (Urban Institute)
- The Urban Institute outlined why policymakers must examine the country’s long legacy of racist policies and practices when crafting policies to address the economic disadvantages facing Black Americans, issues that have been exacerbated by the COVID-19 pandemic and recession. (Urban Institute)