Tax Credits for Working Families

Archive for the ‘Weekly News Round-Up’ Category

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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News Round-Up: March 9, 2015

March 9th, 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.

  • Congressional Democrats proposed a package of tax cuts to provide relief for middle class families and challenged Republicans to join them in the effort. The package would expand existing tax credits like the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) as well as create new ones. (The Hill, Tax Credits for Working Families, Huffington Post, MSN).
  • Meanwhile, Senators Marco Rubio (R-Fla.) and Mike Lee (R-Utah) introduced a tax reform framework that would condense the current seven tax brackets down to two, lower corporate tax rates and eliminate many existing individual deductions (Reuters, Washington Post). Although many came out in favor of the reforms (Tax Foundation), some voiced concern that the provisions would mainly benefit high-income families and that the plan overall could increase the national debt (Forbes, Center on Budget and Policy Priorities, National Journal).

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News Round-Up: March 2, 2015

March 2nd, 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 Annie E. Casey Foundation released its latest KIDS COUNT data snapshot, “Measuring Access to Opportunity in the United States.” The report points to the Supplemental Poverty Measure as a more accurate assessment of the poverty rate and the effect of safety net programs like the Earned Income Tax Credit (EITC) than the federal government’s official poverty measure. (Annie E. Casey Foundation, Huffington Post, Bennington Banner).
  • We announced that we will be participating in “Telling Taxpayer Stories,” a virtual training webinar on the importance of storytelling in raising awareness around Volunteer Income Tax Assistance (VITA) (Tax Credits for Working Families). You can sign up for the webinar here.

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News Round-Up: February 23, 2015

February 23rd, 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.

  • New research from the Political Economy Research Institute at the University of Massachusetts Amherst further proves that the Earned Income Tax Credit (EITC) is linked to improved public health (Political Economy Research Institute).
  • Erica Williams and Michael Leachman of the Center on Budget and Policy Priorities (CBPP) wrote that states looking to strengthen the economy should turn to the EITC (Center on Budget and Policy Priorities).
  • Vermont daycare operators called for an expansion of the state’s Child Care Credit (VT Digger).

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News Round-Up: February 17, 2015

February 17th, 2015

News Round-Up: February 9, 2015

February 9th, 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.

  • Massachusetts state legislators introduced a bill to increase the state EITC from 15 to 50 percent of the federal credit (Sampan).
  • Maine Governor Paul LePage (R) announced in his State of the State address that he wants to eliminate the state’s income tax, which would also eliminate Maine’s EITC (Governing).

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News Round-Up: February 2, 2015

February 2nd, 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: January 26, 2015

January 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.

  • In his State of the Union address, President Obama unveiled a tax reform plan that includes expanding the Child and Dependent Care Tax Credit, increasing the Earned Income Tax Credit (EITC) for childless workers and making permanent key improvements to the EITC and Child Tax Credit scheduled to expire in 2017 (Washington PostColumbus DispatchAEIForbes). Although parts of the president’s plan are endorsed by conservatives like Representative Paul Ryan (R-Wis.) (CNS NewsThe Hill), others have argued that it discriminates against stay-at-home parents (New York TimesWashington PostNational Review).
  • This Friday, Tax Credits for Working Families and the Corporation for Enterprise Development (CFED) invite you to attend an EITC Awareness Day briefing on Capitol Hill. “It’s Not Like I’m Poor: New Research and Political Prospects for the Earned Income Tax Credit and Volunteer Income Tax Assistance” will answer important questions about the EITC, including how workers use it, the role played by Volunteer Income Tax Assistance (VITA) programs and the political prospects for these federal policies (Tax Credits for Working Families).

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News Round-Up: January 20, 2015

January 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.

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