News Round Up: September 20, 2021

Top Story: A new report from the Urban Institute analyzed proposals to make the Child Tax Credit (CTC) expansion permanent, finding that an expanded CTC would decrease child poverty more than 40% in a typical year. (Urban Institute)

  • A new blog post from the Center on Budget and Policy Priorities (CBPP) examined legislation under consideration in the House Ways and Means Committee that would permanently expand the CTC, particularly benefitting Black and Latino children and children in rural communities. (CBPP)
  • A new blog post from the Institute on Taxation and Economic Policy (ITEP) highlighted the data behind the House bill to permanently expand the CTC, which would benefit 35% of children nationally. (ITEP)
  • A new report from the Center for American Progress (CAP) reviewed President Joe Biden’s plan to reform tax enforcement – currently, recipients of the Earned Income Tax Credit (EITC) are audited more frequently than high-income taxpayers. (CAP)
  • A new report from the Kentucky Center for Economic Policy (KyPolicy) shared testimonials from Kentucky parents on how the expanded CTC has supported their families, and why they believe the credit should be permanently expanded. (KyPolicy)
  • A new blog post from NC Policy Watch discussed statewide and national studies demonstrating the high cost of childcare in North Carolina – and the low wages paid to the state’s childcare workers – in light of the Biden administration’s proposal to expand the Child and Dependent Care Tax Credit (CDCTC). (NC Policy Watch)
  • The recently released Ohio Poverty Measure, based on 2018 American Community Survey data, found that in 2018, tax credits lifted 150,000 Ohioans out of poverty, the most effective anti-poverty program in the state. (Scioto Analysis)
  • The Center for American Progress (CAP) called for policymakers to implement intergenerational approaches to alleviating poverty, including expanding refundable tax credits like the CTC and EITC. Read our blog post.