News Round Up: November 15, 2021
Top Story: A new report from the Center on Budget and Policy Priorities (CBPP) analyzed the most recent Build Back Better legislation, highlighting the impact its provisions would make for people living in poverty. The plan would extend the expanded Child Tax Credit (CTC) and Earned Income Tax Credit (EITC), as well as make the CTC fully available to the lowest-income families with children under 17. (CBPP)
- A new article by the Center for American Progress (CAP) examined harmful loopholes in the social safety net for Puerto Rican residents – for example, Puerto Ricans did not become eligible for the CTC until earlier this year. (CAP)
- A recent op-ed in The New York Times discussed benefits cliffs, which impact recipients of social safety net programs including the CTC, EITC, and Child and Dependent Care Tax Credit (CDCTC), and current proposals to eliminate the steep drop off in benefits eligibility at certain income levels. (The New York Times)
- A new report from CBPP evaluated the most recent Build Back Better legislation’s permanent expansion of the CTC, which would make the credit available to families with low or no earnings, protecting millions of families from poverty. (CBPP)
- Republican legislative leaders in Indiana are weighing tax cuts for the upcoming legislative session, including expanding the state’s EITC, which is currently worth 9% of the federal credit. (The Journal Gazette)
- Utah advocacy groups held a recent news conference to oppose potential tax cuts in the state, calling for lawmakers to instead invest in funding state programs and creating a state-level EITC. (com)
- A recent report by the Center on Budget and Policy Priorities (CBPP) reveals that nearly 5 million children within veteran or active-duty families will be impacted should the expanded Child Tax Credit (CTC) discontinue at the end of this year. Read our blog post to learn more.