News Round Up: September 14, 2020

The COVID-19 pandemic is disproportionately affecting low-income communities and exacerbating economic inequality across the country. Throughout this crisis, TCWF will compile news, legislation, and research on how tax credits and other income-boosting policies can provide much-needed relief for the hardest-hit communities:

Top Story: Join the Center on Budget and Policy Priorities (CBPP) today at 2 p.m. for a Facebook Live event on running successful outreach campaigns to help ensure eligible individuals receive their federal stimulus check. (Facebook)

  • Democratic presidential nominee Joe Biden released a plan to support older Americans that includes eliminating the maximum age limit for claiming the Earned Income Tax Credit (EITC). (Joe Biden)
  • In an interview with Tax Notes, Darrick Hamilton, an economist and the New School’s incoming Henry Cohen Professor of Economics and Urban Policy, discussed how the EITC could be expanded and restructured to help eliminate poverty and tackle racial economic disparities. (Forbes)
  • CBPP previewed the U.S. Census Bureau’s 2019 data on poverty, income, and health insurance, cautioning that it provides a record of conditions before COVID-19 and bears little resemblance to the current outlook. The data will be released tomorrow, September 15. (CBPP)
  • The Internal Revenue Service (IRS) released data on the number of Economic Impact Payments distributed and the dollar amount by state. (IRS)
  • Join the University of Texas at Austin’s Prenatal-to-3 Policy Impact Center tomorrow, September 15 for the launch of a new policy roadmap, which outlines effective state-level policies that strengthen the early years of children’s lives. (Prenatal-to-3 Policy Impact Center)