Tax Credits for Working Families

Archive for the ‘Weekly News Round-Up’ Category

News Round-up: July 25, 2016

July 25th, 2016

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

  • The Trump campaign announced it will rework the candidate’s tax reform platform, which will be released in the coming weeks. It is unclear whether or not the plan will include measures to support tax credits for working families (Washington Post).
  • Mark DeSaulnier (D-Cali.) introduced HR 5764, a bill that would exclude Pell Grants from taxable income, a move that would allow more low-income students pursuing higher education to become eligible for tax credits like the Earned Income Tax Credit (EITC) (CLASP).

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News Round-up: July 18, 2016

July 18th, 2016

Here are some highlights from the past week’s news and upcoming events on family tax credit issues. 

A number of proposals affecting federal tax credits for working families were unveiled last week:

  • Rep. Jim Renacci (R-Ohio) unveiled a tax reform plan that would replace the corporate income tax with a consumption tax. The proposal would eliminate most personal tax credits but would keep the Child Tax Credit as is and expand the EITC. (The Hill)

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News Round-up: July 11, 2016

July 11th, 2016

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

  • Barbara Gault, executive director of the Institute for Women’s Policy Research, said that expanding access to the Earned Income Tax Credit (EITC) and other public benefits for low-wage workers could help make higher education more attainable for young people in low-income families (Chronicle of Higher Education).
  • Lawmakers in New Jersey are still debating how to fund the state’s transportation projects. One of the proposed fixes would raise the gas tax and increase the state’s EITC from 30 to 40 percent of the federal credit (Washington Post).

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News Round-up: July 5, 2016

July 5th, 2016

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

  • The Democratic Party introduced its 2016 party platform and announced support for expanding the Earned Income Tax Credit (EITC) for childless workers, lowering the eligibility age from 25 to 21 and strengthening the Child Tax Credit (CTC) by indexing it to inflation. The platform will be voted on by delegates at the convention July 25-28 and will serve as a legislative guide for Democratic lawmakers across the country (DNC, Washington Post).
  • Foon Rhee of the Sacramento Bee urged California lawmakers to increase the state’s EITC to help reduce growing income inequality across the state (Sacramento Bee).

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News Round-up: June 27, 2016

June 27th, 2016

  • TOP STORY: Rhode Island Governor Gina Raimondo signed into law an expansion of the state’s Earned Income Tax Credit (EITC), increasing the credit from 12.5 to 15 percent of the federal credit. (TCWF, The Providence Journal)

News Round-up: June 20, 2016

June 20th, 2016

Here are some highlights from the past week’s news and upcoming events 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 or state.

  • The California Department of Finance announced that only half of the funds set aside for the state’s Earned Income Tax Credit (EITC) program were collected during tax season, meaning that thousands of families across the state who are eligible for the credit failed to claim it on their tax returns. Lawmakers have set aside an extra $2 million in the state budget to fund outreach campaigns and raise awareness of the credit, which was created in 2015 to help offset income inequality across the state (Sacramento Bee).

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News Round-up: June 13, 2016

June 13th, 2016

Here are some highlights from the past week’s news and upcoming events 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 or state.

  • Sen. Sherrod Brown (D-Ohio) introduced legislation to expand the Earned Income Tax Credit (EITC) for childless workers and lower the eligibility age from 25 to 21. Brown also reiterated his support for allowing low-income families to receive a portion of their EITC in advance payments (Politico, The Hill).
  • House Republicans this week unveiled their vision for federal safety net programs and lifted up the Earned Income Tax Credit (EITC) as one of the most effective ways to lower the poverty rate and increase opportunity for low-income families. But some of the report’s suggestions for reforming other antipoverty programs like food stamps and Social Security drew criticism from Democrats (TCWF, Washington Post, Washington Post 2, USA Today, AEI).

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News Round-up: June 6, 2016

June 6th, 2016

Here are some highlights from the past week’s news and upcoming events 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 or state.

  • House Republicans this week are expected to announce their plans to combat poverty and present the findings of an anti-poverty taskforce. Ahead of that release, Rep. Sandy Levin (D-Mich.) wrote an opinion piece encouraging Congress to continue efforts to help working families make ends meet while investing in programs such as the Earned Income Tax Credit (EITC) that have a proven record of supporting low-income households (Washington Post).

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News Round-up: May 31, 2016

May 31st, 2016

TOP STORY: The Oklahoma legislature’s decision to drastically reduce the state’s Earned Income Tax Credit (EITC) drew criticism nationwide. The New York Times called the measure “deplorable” in a scathing editorial. (New York Times, Tulsa World)

News Round-up: May 23, 2016

May 23rd, 2016

Here are some highlights from the past week’s news and upcoming events 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 or state.

  • The Oklahoma House voted to make the state’s Earned Income Tax Credit (EITC) non-refundable, which will decrease the size of or eliminate the credit entirely for more than 200,000 low-wage workers. Supporters of the bill say that cutting the credit is necessary to balance the state’s budget. But advocates for the EITC argue that the measure would only save $29 million from a $1.3 billion budget shortfall and that lawmakers should find other programs to reduce the deficit that are less harmful to low-income workers. The bill has already passed the state Senate and now heads to Gov. Mary Fallin (R) for her signature (Huffington Post, Public Radio Tulsa, Washington Times).

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