Tax Credits for Working Families

Archive for the ‘Weekly News Round-Up’ Category

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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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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