News Round Up: September 29, 2021
Top Story: A new report from the University of Illinois at Urbana-Champaign’s Project for Middle Class Renewal (PMCR) projected the likely impact of monthly Child Tax Credit (CTC) payments, comparing the expanded credit with evidence from Chicago’s 2014 pilot of periodic Earned Income Tax Credit (EITC) payments. (PMCR)
- A new report from the Center on Budget and Policy Priorities (CBPP) highlighted the racial equity impact of Build Back Better legislation currently under consideration, which would make the CTC expansion permanent and sharply reduce the poverty rate for Black and Latino children. (CBPP)
- A new video from the Center for American Progress (CAP) focused on the story of a family who receives the expanded CTC and the impact the credit has had on their ability to afford basic needs. (CAP)
- A new blog post from The Brookings Institution featured recent research published in the Journal of Labor Economics that found the EITC has had the greatest impact on the maternal labor supply for mothers with children under three years old and reduces poverty in this group by around five percentage points. (Brookings)
- A new report from CBPP criticized proposals to add an earnings requirement to the CTC, saying that the credit is most impactful for families with little or no income. (CBPP)
- A new report from CAP analyzed gaps in the social safety net that worsen racial and regional inequities, recommending that states should implement or expand state-level credits including the EITC, CTC, and Child and Dependent Care Tax Credit (CDCTC). (CAP)
- A new podcast episode from the Duke University World Food Policy Center interviewed one of the leaders of the No Kid Hungry campaign on the value of the expanded, monthly CTC for reducing childhood hunger. (World Food Policy Center)
- Enacting a state-level EITC in Florida would benefit 2.1 million Floridian workers and is supported by 68% of likely Florida voters, according to a new Florida Policy Institute (FPI) report advocating for a state EITC. (FPI)