Tax Credits for Working Families

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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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News Round-up: January 12, 2015

January 12th, 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.

  • Representative Chris Van Hollen (D-MD), the ranking Democrat on the House Budget Committee, unveiled a tax relief plan today that includes expanding tax credits that help cover the cost of child care and creating a “paycheck bonus credit” for working couples making less than $200,000 per year (Washington Examiner, Washington Post, The Hill).
  • Senator Sherrod Brown (D-OH) introduced legislation that would allow eligible workers to access a portion of their EITC in advance, as an alternative to more costly lending options (Center for American Progress, Cleveland.com).

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News Round-up: January 5, 2015

January 5th, 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.

  • Washington Governor Jay Inslee’s 2015 budget, which includes funding for the state’s Earned Income Tax Credit (EITC), is facing Republican opposition (Seattle Times).
  • Massachusetts Governor-elect Charlie Baker wrote that he will stay true to his campaign promise to explore expanding the state EITC and increasing the minimum wage (Mass Live).

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News Round-up: December 22, 2014

December 22nd, 2014

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 passed the House-approved tax extenders package (Bloomberg, National Journal) that does not expand expiring Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) improvements. President Obama is calling for a tax reform package in the New Year that would expand the improvements (The Hill).

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News Round-Up: December 15, 2014

December 15th, 2014

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 is still reviewing the tax extenders package approved by the House last week. This plan does not include an expansion of expiring Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) improvements (Nonprofit Quarterly, Marketwatch, Wall Street Journal).
  • The IRS inspector general recently reported a significant amount of CTC overpayment (Politico, ABC News). Bob Greenstein of the Center on Budget and Policy Priorities wrote that most overpayments result from unintentional errors rather than fraud and warned that cuts to the IRS budget could weaken its ability to reduce improper EITC and CTC payments (Huffington Post, Center on Budget and Policy Priorities).

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News Round-Up: December 8, 2014

December 8th, 2014

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 House passed a tax-extenders package that does not include key Earned Income Tax Credit (EITC) or Child Tax Credit (CTC) improvements scheduled to expire in 2017. The Senate will review the legislation later this week (Washington Post, New York Times, National Journal, Vox).

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News Round-Up: December 1, 2014

December 1st, 2014

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: November 24, 2014

November 24th, 2014

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: November 10, 2014

November 10th, 2014

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.

  • We released a compilation of our recent interviews with conservative thought leaders on expanding the Earned Income Tax Credit (EITC) and Child Tax Credit, as well as commentary on federal and state proposals to expand the credits. (Tax Credits for Working Families)

  • State and local treasurers have been leading efforts to boost financial stability for lower-income families, including public awareness campaigns that incentivize workers to collect the EITC. (The New York Times)

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