Introducing Our New Blog Series
We are pleased to announce the launch of our new blog series – “Ideas From The Right: Conservative Approaches to Tax Credits for Working Families,” featuring proposals from conservative policymakers and thought leaders. Be sure to sign up for our blog to receive each issue by email.Click here to learn more
Federal EITC Expansion: What Did The President Propose?
On March 3, President Obama released the details of his EITC proposal. On March 5 Tax Credits for Working Families held a webinar on the details of the President’s proposal, its prospects on Capitol Hill and its potential impact on low-income workers. The slides are now available and the recording will be posted shortly.
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There isn’t one glaring reason behind the staggering number of improper EITC payments. But as Brookings’s Ron Haskins noted in our interview last week, most are made in genuine error rather than through fraud. Because the EITC phases in and out at varying income levels, depending also on marital status and number of children, there is significant confusion about who is eligible and how big a credit they can claim. This illustrates a need for high-quality taxpayer services to ensure that only eligible workers and their families receive the EITC – and at the correct amount.
Last week, the full House passed the Child Tax Credit Act of 2014, House Budget Committee Chairman Paul Ryan unveiled a plan to nearly double the federal EITC for childless workers and lower the age requirement and we sat down with Ron Haskins of the Brookings Institution to discuss conservative proposals to improve tax credits for working families.