News Round Up: June 17, 2019

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

Top Story: The Rhode Island State Senate passed legislation to increase the state’s EITC from 15 to 20 percent of the federal credit. The bill now heads to the House for consideration. (Rhode Island Legislature)

  • The Center for American Progress released a long-term budget plan to address America’s fiscal challenges that recommends drastic expansions of the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC) to invest in low-income families. (Center for American Progress)
  • The Annie E. Casey Foundation released its 2019 KIDS COUNT Data Book, which tracks child-wellbeing throughout the U.S. and offers policy solutions that would improve children’s lives such as expanding the EITC and CTC. (AECF)  
  • The Tax Policy Center analyzed the Economic Security Project’s cost-of-living refund proposal, which would drastically expand the EITC by increasing the credit’s value for workers with and without dependent children; increase eligibility for all workers over 18, caregivers and students; and allow recipients to claim the credit in monthly installments.  (Tax Policy Center)
  • The Center on Budget and Policy Priorities (CBPP) outlined why the Trump Administration’s plan to lower the federal poverty line by applying a smaller cost-of-living adjustment per year would have a negative impact on low-income Americans. (CBPP)
  • We blogged about last week’s Urban-Brookings Tax Policy Center event on why the EITC and CTC should be leveraged to fight poverty and address the rising cost of living. (TCWF)