News Round Up: June 15, 2020

Top Story: A new analysis of U.S. Census Bureau data by the Center for American Progress revealed that the COVID-19 pandemic is increasing racial inequity as households of color bear the disproportionate burden of the pandemic’s social, economic, and health effects. (Center for American Progress)

  • The Colorado state Senate reached a deal on a new tax fairness bill, which would end certain state tax breaks for corporations and high-income households, while increasing the value of the state Earned Income Tax Credit (EITC) from 10 to 20 percent of the federal credit and expanding the credit to filers with an Individual Taxpayer Identification Number. The legislation now heads to the House for final consideration. (Colorado Public Radio)
  • The Washington Post released new data charts that highlight how little the racial wealth gap has changed over the last twenty years. (Washington Post)
  • Al Hunt, former executive editor of Bloomberg News, urged Congress to pass the federal Working Families Tax Relief Act, which would dramatically increase the EITC and Child Tax Credit, to help address income inequality. (The Hill)