News Round Up: May 29, 2018
Here are some highlights from the past week’s news on family tax credit issues:
Top Story: The Massachusetts Senate approved a budget plan for the 2019 fiscal year that includes an expansion of the state’s Earned Income Tax Credit (EITC) from 23 percent to 30 percent of the federal credit. (Framingham Source)
- The Delaware House passed legislation that would make the state’s EITC refundable to expand eligibility to workers with lower incomes, but also reduce the value of the credit from 20 percent to 5.9 percent of the federal credit to avoid additional spending. (Courier Express)
- Nan Madden, director of the Minnesota Budget Project, argued against the state’s recently-passed tax bill because it contains potentially harmful changes for low-income families. Madden highlighted the provision to conform to the chained CPI method of measuring inflation, which will reduce the value of the state’s family tax credits over time. (SC Times)
- California Assemblymember Anna Caballero penned an Op-Ed urging the legislature to support her proposed bill to restore refundability to the state’s Child and Dependent Care Expenses Credit. (The Californian)