Tax Credits for Working Families

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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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News Round-up: May 16, 2016

May 16th, 2016

  • The Oklahoma Senate Appropriations Committee passed a bill to eliminate the refundable portion of the state’s Earned Income Tax Credit (EITC). Policy groups, religious leaders and other advocates across the state are calling on lawmakers to preserve the credit’s refundability (Oklahoma Policy Institute, Tulsa World).
  • Democratic presidential candidate Hillary Clinton announced her plans to create tax credits and subsidies to lower the cost of child care across the country. Although the campaign has not released details of her proposal, the Center for American Progress, which has been advising Clinton on policy, has recommended creating a new child care tax credit, which could be worth up to $14,000 per child (Washington Post).

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News Round-up: May 9, 2016

May 9th, 2016

  • Rep. Rose DeLauro (D-Conn.) and Center for American Progress President Neera Tanden encouraged Congress to support the Young Child Tax Credit Act. The bill, which House Democrats introduced in March, would provide families who have a child under age three with a $1500 credit on top of their Child Tax Credit (CTC) (Huffington Post).
  • The Shriver Center released its annual poverty scorecard, which found that Congress is more divided than ever when it comes to anti-poverty policy (TCWF).

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News Round-up: April 18, 2016

April 18th, 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.

  • Senators Cory Booker (D-NJ) and Jerry Moran (R-KS) announced a bipartisan plan – the Refund to Rainy Day Savings Act – to give workers the option to increase the amount of their Earned Income Tax Credit (EITC) and other tax refunds by putting a portion of the payment into savings (The New York Times, CFED, TCWF).
  • Despite strong momentum throughout the legislative session, a bill to expand Maryland’s EITC for childless workers did not pass after it was coupled with a costly proposal to increase tax breaks for higher-income earners (Baltimore Sun).

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News Round-up: April 11, 2015

April 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 RSS feed, where you can filter news by a specific credit or state.

  • As states like California and New York raise their minimum wages to $15 per hour, some pundits argue that the Earned Income Tax Credit (EITC) is a better strategy for reducing poverty and incentivizing work. But Eric Reed at The Dallas Morning News wrote, and many experts agree, that the two policies are complementary and that the economy is better off when states increase both together (Dallas Morning News).
  • The Maryland legislature must act by this evening to pass bills to increase the state’s EITC for childless workers. The Senate’s version of the bill contains a controversial tax cut for the highest-income earners (Baltimore Sun, Washington Post, Reading Eagle).

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