News Round Up: June 7, 2021

Top Story: A new report from the Center on Budget and Policy Priorities (CBPP) urged policymakers to prioritize advancing racial equity in recovery legislation, including by making recent expansions of the Child Tax Credit (CTC) permanent and restoring CTC eligibility for children with Individual Taxpayer Identification Numbers (ITINs). (CBPP)

  • A new blog from the Tax Foundation examined President Joe Biden’s budget and its proposed increases to public benefits administered through the tax code, primarily by expanding refundable tax credits such as the Earned Income Tax Credit (EITC), Child and Dependent Care Tax Credit (CDCTC), and CTC. (Tax Foundation)
  • A recent report from the Urban Institute showed that in 2020 many low-income immigrant families with children continued to avoid public benefits, including claiming the expanded CTC, out of concern for negative impacts on their immigration status. (Urban Institute)
  • Connecticut lawmakers and Gov. Ned Lamont (D) are nearing a deal to increase the state’s EITC from 23% to 30% of the federal credit as part of the state budget. (Hartford Courant)
  • The Georgia Budget and Policy Institute’s President and CEO, Taifa Butler, penned a letter to the Georgia congressional delegation to ask that they support Biden’s American Families Plan and American Jobs Plan, which would make the recent EITC, CDCTC, and CTC expansions permanent. (Georgia Budget and Policy Institute)