Tax Credits for Working Families

Archive for the ‘Weekly News Round-Up’ Category

News Round-up: August 24, 2015

August 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.

  • The Senate Appropriations Committee proposed revising the Schedule EIC, a one-page form for filers collecting the EITC. The changes, which are supported by tax preparation giant H&R Block, would expand the form to five pages for individuals doing their own taxes, creating confusion that could discourage working families from collecting their tax credits (CBPP).

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News Round-up: August 17, 2015

August 17th, 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.

  • Cass Sunstein of Bloomberg called the Earned Income Tax Credit (EITC) a bipartisan “poverty-buster” and asked Congress to expand the credit to childless workers and individuals under 25 as well as increase benefits overall (Bloomberg View).
  • A new report found that growing up in poverty can affect a child’s brain structure with negative consequences on academic performance, standardized test scores and long-term employment prospects. To minimize these effects, scientists encouraged policymakers to support policies like the EITC (Bloomberg View, TCWF)

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News Round-up: August 10, 2015

August 10th, 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 Gov. Charlie Baker signed a bill increasing the state EITC from 15 to 23 percent of the federal credit. He vowed to raise the credit again during the next legislative session (Lowell Sun, WWLP, MassLive).

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News Round-up: August 3, 2015

August 3rd, 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.

  • Professors Kathryn Edin, Sarah Halpern-Meekin and Sara Greene partnered with the Corporation for Enterprise Development (CFED) to encourage Congress to consider a “Rainy Day EITC.”  Under their proposal,recipients could opt to only receive a portion of their credit at tax time and receive the rest, plus a 50 percent savings match, six months later (The Hill).
  • Following the release of the Annie E. Casey Foundation’s annual KIDS COUNT Report, we wrote on the importance of tax credits like the EITC to children across the country (TCWF).

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News Round-up: July 27, 2015

July 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.

  • The Michigan legislature adjourned for a three-week recess before deciding whether or not to eliminate the state’s Earned Income Tax Credit (EITC) as part of a road funding package (Detroit Free Press, Mlive).
  • California created a state EITC this spring, and advocates have already introduced plans to expand the credit (Sacramento Bee).

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News Round-up: July 20, 2015

July 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.

  • House Democrats in Michigan unveiled their road funding proposal, which preserves the state’s EITC and raises the corporate income tax to pay for transportation projects. The GOP-led legislature is unlikely to accept the plan as it considers a funding bill passed by the Senate (MLive, Detroit Free Press).

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News Round-up: July 13, 2015

July 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.

  • Maine adopted legislation to make its EITC refundable (TCWF, MECEP).

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News Round-up: July 7, 2015

July 7th, 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.

  • Lawmakers in Oregon passed tax credit legislation that merged their Child Care Credit and Dependent Care Credit into the Working Family Child and Dependent Care Tax Credit. Democrats had hoped to expand the state’s EITC, but that measure was not included in the final legislation (Associated Press, Washington Times).

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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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