News Round Up: October 18, 2021
Top Story: A new policy brief from the Center on Poverty & Social Policy at Columbia University (CPSP) evaluated recent federal data to find that the Child Tax Credit (CTC) does not have a negative effect on employment. (CPSP)
- A new blog post from the Institute on Taxation and Economic Policy (ITEP) highlighted the value of the expanded Earned Income Tax Credit (EITC) and CTC, as well as the Child and Dependent Care Tax Credit (CDCTC), for helping millennials of color thrive and reducing racial income and wealth disparities. (ITEP)
- The Center on Budget and Policy Priorities (CBPP) updated its blog post tracking the record number of states and territories that have created or expanded EITCs this past year and a backgrounder on state-level EITCs across the country.
- A new survey from Poverty Solutions at the University of Michigan found that more than 1 in 10 CTC-eligible families may not be receiving the credit or aware of how to claim it, indicating greater outreach is needed to guarantee all eligible families receive the credit. (Poverty Solutions)