Tax Credits for Working Families

Archive for the ‘Weekly News Round-Up’ Category

News Round-up: May 26, 2015

May 26th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • The Massachusetts State Senate passed a budget bill that included an expansion of the state’s Earned Income Tax Credit (EITC). The bill now goes to a conference committee and if the expansion survives that process, the legislation will go to Gov. Charlie Baker’s (R) desk for his signature (Boston Globe, Lowell Sun, Boston Herald).
  • To mark Memorial Day, Tax Credits for Working Families released an infographic that illustrates just how many military families benefit from the EITC and Child Tax Credit (CTC), warning of the tax increase many of these families could face if Congress fails to extend key improvements to both credits (Tax Credits for Working Families).

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News Round-up: May 18, 2015

May 18th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • Republican and Democratic legislators praised California Gov. Jerry Brown’s (D) revised budget proposal, which included the creation of a state Earned Income Tax Credit (EITC) to benefit over 825,000 low-income families (New York Times, Los Angeles Times, Sacramento Bee). The Public Policy Institute of California found that a state EITC could prevent working families from falling into poverty (Southern California Public Radio).
  • New York City Mayor Bill DeBlasio (D) unveiled his “Progressive Agenda,” a blueprint for reducing poverty by implementing policies like an expanded EITC and increased minimum wage (Bloomberg). Tax Justice Blog compared this plan, supported by Senators Elizabeth Warren (D-Mass.) and Jeff Merkley (D-Ore.), with New Jersey Gov. Chris Christie’s (R) new tax proposal. Christie’s plan would lower income and corporate tax rates (Tax Justice Blog, Forbes).

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News Round-up: May 11, 2015

May 11th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

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News Round-up: April 27, 2015

April 27th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • House Republicans released a measure to expand the Trade Adjustment Assistance program, which would be funded in part by reducing the number of taxpayers eligible for the Child Tax Credit (CTC) (The Hill 1, 2).
  • The Washington Post editorial board argued that the tax code’s current structure is enabling income inequality, noting that the Earned Income Tax Credit (EITC) and CTC are the only two out of the ten largest tax expenditures that favor the less wealthy (Washington Post).

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News Round-up: April 20, 2015

April 20th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • In Maine, Gov. Paul LePage (R) and legislative leaders continue to battle over tax reform. LePage wants to eliminate the state’s income tax, thereby eliminating the state’s Earned Income Tax Credit (EITC). Many legislators hope to instead reduce property taxes, which disproportionately affect low- and middle-income families (Tax Justice Blog).
  • Colorado Gov. John Hickenlooper (D) proposed a tax plan that would fully fund the state’s EITC. The credit has been suspended for several years pending state revenues reaching certain levels (Colorado Springs Gazette).

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News Round-Up: April 13, 2015

April 13th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • With Sen. Rand Paul’s (R-Ky.) announcement that he would run for President, many voiced concern about how his budget-cut heavy tax plans and previous proposals to cut tax credits like the Earned Income Tax Credit (EITC) would affect working families. (Vox, Tax Credits for Working Families).
  • We wrote about how the Child and Dependent Care Credit helps one working mother balance her career and family life, and how she and nearly 80,000 others could benefit from the enactment of a California EITC. (Tax Credits for Working Families).

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News Round-Up: April 6, 2015

April 6th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • The tax plan recently introduced by Senators Marco Rubio (R-Fl.) and Mike Lee (R-Utah) continues to be a topic of national discussion. Marketwatch’s Dina Furchtgott-Roth supported the plan but encouraged the senators to add a third tax bracket to help low-income families (Marketwatch). Amity Shlaes and Matthew Denhart of the Wall Street Journal examined how the plan could shape presidential platforms in 2016 (Wall Street Journal).
  • The Minnesota State Senate Tax Committee held a hearing on two bills to expand Minnesota’s Child and Dependent Care Credit (DL-Online). Legislators are considering combining proposals into an omnibus tax reform bill (JD Supra).

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News Round-Up: March 30, 2015

March 30th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

News Round-Up: March 24, 2015

March 24th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • According to the Center on Budget and Policy Priorities, safety net programs like the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) lifted 39 million Americans out of poverty in 2013 (Off the Charts).
  • New data showed that 55 percent of EITC recipients paid for tax preparation last year instead of having their taxes prepared for free at Volunteer Income Tax Assistance (VITA) sites (ABC News).

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News Round-Up: March 16, 2015

March 16th, 2015

Here are some highlights from the past week’s news on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our RSS feed, where you can filter news by a specific credit and/or state.

  • Shikha Dalmia wrote about Sen. Marco Rubio’s (R-Fla.) and Sen. Mike Lee’s (R-Utah) new tax plan, arguing that it would benefit high-income families and corporations more than middle- and low-class families (The Week). In response, Ramesh Ponnuru stood by his previous assessment of the bill, claiming that the legislation would be good for all taxpayers (National Review).
  • The Corporation for Enterprise Development (CFED) released a new breakdown of IRS data on tax returns prepared at Volunteer Income Tax Assistance (VITA) sites. The data showed volunteer tax preparers helped return nearly $4 billion to low-income taxpayers across the nation, more than one billion of which was in the form of an Earned Income Tax Credit (EITC)  (Columbus Dispatch, Reno News Gazette, The Day).

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