Tax Credits for Working Families

Archive for the ‘Weekly News Round-Up’ Category

News Round-up: June 29, 2015

June 29th, 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 Jersey Gov. Chris Christie (R), who will announce he is running for president this week, praised the legislature’s effort to raise the EITC to 25 percent of the federal credit and even suggested a 30 percent EITC in a conditional veto of an increased tax on corporations and the wealthy. This is a policy shift for Christie, who signed a bill to reduce the state’s EITC from 25 to 20 percent in 2010 and vetoed the restoration of the credit just last year (NJ.com, NJ Spotlight). New Jersey Policy Perspective (NJPP) released a report on how an EITC at 30 percent of the federal credit could help the state’s working families (NJPP).

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News Round-up: June 22, 2015

June 22nd, 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 California legislature passed a state budget that includes the creation of an Earned Income Tax Credit (EITC). The bill is awaiting Gov. Jerry Brown’s (D) signature (NBC News, SF Gate, Huffington Post).

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News Round-up: June 15, 2015

June 15th, 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.

  • After passing a budget bill to increase the state’s Earned Income Tax Credit (EITC), Massachusetts senators defended their legislation before the state Supreme Judicial Court. Lawmakers argue that since all Massachusetts bills that impose taxes must originate in the House, the Senate-approved budget is unconstitutional (MassLive, Boston Herald).

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News Round-up: June 8, 2015

June 8th, 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: June 1, 2015

June 1st, 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 Montgomery County, Maryland, the County Council included funding in their FY 2016 budget to expand the local Earned Income Tax Credit (EITC), known as the Working Families Income Supplement, to match 100% of the state’s EITC. Montgomery County is one of only three districts in the nation to offer its own version of a state EITC (Montgomery County Council).
  • We responded to Warren Buffett’s call for an expanded EITC as a replacement for an increased minimum wage, noting how the EITC and minimum wage work best when increased together (Tax Credits for Working Families).

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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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