News Round Up: March 16, 2020

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

Top Story: U.S. Representatives Ro Khanna (D-CA-17) and Tim Ryan (D-OH-13) proposed legislation to establish an emergency federal Earned Income Tax Credit (EITC) worth between $1,000 and $6,000 for every American earning less than $65,000 a year in response to the COVID-19 pandemic. (Congressman Ro Khanna)

  • Elaine Maag, principal research associate at the Tax Policy Center, shared ways Congress and the Trump Administration can use the federal EITC to boost the economy during the COVID-19 pandemic. (Forbes)
  • The Hawaii House of Representatives passed legislation to make the state EITC refundable and raise the state minimum wage. The bill now heads to the Senate for consideration. (West Hawaii Today)
  • Iowa State Representative Kenan Judge (D-Waukee) urged his colleagues to pass a set of bills that would make child care throughout the state more accessible and affordable, including legislation to expand the state’s Child Care and Dependent Care Tax Credit by increasing the income phase-out rate to $250,000. (Des Moines Register)
  • We blogged about how the EITC can be used as a tool to combat the Women’s Wealth Gap. (TCWF)