Tax Credits for Working Families

Archive for the ‘Weekly News Round-Up’ Category

News Round-up: August 29, 2016

August 29th, 2016

Here are some highlights from the past week’s news and upcoming events on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our website, where you can filter news by a specific credit or state.

  • Continuing protests over police violence against African Americans has heightened the focus on improving economic outcomes in communities of color. The Movement for Black Lives released an economic policy paper detailing proposals that could make a difference in these communities, including recommendations for creating a fairer tax code. The authors urge policymakers to expand both the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) to help low-income families find financial stability (The Washington Post).
  • Tammy Baldwin (D-Wisc.) spoke about how her bill, The Stronger Way Act, would help alleviate rural poverty, by expanding the EITC and CTC (WEAU).

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News Round-up: August 8, 2016

August 8th, 2016

Here are some highlights from the past week’s news and upcoming events on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our website, where you can filter news by a specific credit or state.

  • A new report from the Center for American Progress found that expanding the Earned Income Tax Credit (EITC) to childless workers not only would help communities economically, but also would lower the crime rate and increase public safety. According to CAP’s research, these changes to the EITC would save taxpayers $3.3 billion per year through reduced property damage, lower medical expenses and fewer deaths (CAP).
  • We interviewed Sen. Angus King (I-Maine) about his bill to expand the Child and Dependent Tax Care Credit (CDCTC) (TCWF).

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News Round-up: August 1, 2016

August 1st, 2016

Here are some highlights from the past week’s news and upcoming events on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our website, where you can filter news by a specific credit or state.

  • The Democratic Party released its policy platform, which included a call to expand the EITC for workers not raising children and lower the eligibility age from 25 to 21 (Vox, Tax Justice Blog).
  • After weeks of debate, Massachusetts Charlie Baker (R) vetoed a bill that would have increased the state’s Earned Income Tax Credit (EITC) from 25 to 28 percent of the federal credit by levying a tax on Airbnb rentals in the state. Baker said that he believes the EITC is “an effective tool for supporting Massachusetts’ hardworking families and individuals” and hopes he can work with the legislature to expand the credit in the future (Boston Globe, Lowell Sun).

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News Round-up: July 25, 2016

July 25th, 2016

Here are some highlights from the past week’s news and upcoming events on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our website, where you can filter news by a specific credit or state.

  • The Trump campaign announced it will rework the candidate’s tax reform platform, which will be released in the coming weeks. It is unclear whether or not the plan will include measures to support tax credits for working families (Washington Post).
  • Mark DeSaulnier (D-Cali.) introduced HR 5764, a bill that would exclude Pell Grants from taxable income, a move that would allow more low-income students pursuing higher education to become eligible for tax credits like the Earned Income Tax Credit (EITC) (CLASP).

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News Round-up: July 18, 2016

July 18th, 2016

Here are some highlights from the past week’s news and upcoming events on family tax credit issues. 

A number of proposals affecting federal tax credits for working families were unveiled last week:

  • Rep. Jim Renacci (R-Ohio) unveiled a tax reform plan that would replace the corporate income tax with a consumption tax. The proposal would eliminate most personal tax credits but would keep the Child Tax Credit as is and expand the EITC. (The Hill)

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News Round-up: July 11, 2016

July 11th, 2016

Here are some highlights from the past week’s news and upcoming events on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our website, where you can filter news by a specific credit or state.

  • Barbara Gault, executive director of the Institute for Women’s Policy Research, said that expanding access to the Earned Income Tax Credit (EITC) and other public benefits for low-wage workers could help make higher education more attainable for young people in low-income families (Chronicle of Higher Education).
  • Lawmakers in New Jersey are still debating how to fund the state’s transportation projects. One of the proposed fixes would raise the gas tax and increase the state’s EITC from 30 to 40 percent of the federal credit (Washington Post).

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News Round-up: July 5, 2016

July 5th, 2016

Here are some highlights from the past week’s news and upcoming events on family tax credit issues. Remember – you also can track news coverage throughout the week by visiting our website, where you can filter news by a specific credit or state.

  • The Democratic Party introduced its 2016 party platform and announced support for expanding the Earned Income Tax Credit (EITC) for childless workers, lowering the eligibility age from 25 to 21 and strengthening the Child Tax Credit (CTC) by indexing it to inflation. The platform will be voted on by delegates at the convention July 25-28 and will serve as a legislative guide for Democratic lawmakers across the country (DNC, Washington Post).
  • Foon Rhee of the Sacramento Bee urged California lawmakers to increase the state’s EITC to help reduce growing income inequality across the state (Sacramento Bee).

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News Round-up: June 27, 2016

June 27th, 2016

  • TOP STORY: Rhode Island Governor Gina Raimondo signed into law an expansion of the state’s Earned Income Tax Credit (EITC), increasing the credit from 12.5 to 15 percent of the federal credit. (TCWF, The Providence Journal)

News Round-up: June 20, 2016

June 20th, 2016

Here are some highlights from the past week’s news and upcoming events 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 or state.

  • The California Department of Finance announced that only half of the funds set aside for the state’s Earned Income Tax Credit (EITC) program were collected during tax season, meaning that thousands of families across the state who are eligible for the credit failed to claim it on their tax returns. Lawmakers have set aside an extra $2 million in the state budget to fund outreach campaigns and raise awareness of the credit, which was created in 2015 to help offset income inequality across the state (Sacramento Bee).

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News Round-up: June 13, 2016

June 13th, 2016

Here are some highlights from the past week’s news and upcoming events 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 or state.

  • Sen. Sherrod Brown (D-Ohio) introduced legislation to expand the Earned Income Tax Credit (EITC) for childless workers and lower the eligibility age from 25 to 21. Brown also reiterated his support for allowing low-income families to receive a portion of their EITC in advance payments (Politico, The Hill).
  • House Republicans this week unveiled their vision for federal safety net programs and lifted up the Earned Income Tax Credit (EITC) as one of the most effective ways to lower the poverty rate and increase opportunity for low-income families. But some of the report’s suggestions for reforming other antipoverty programs like food stamps and Social Security drew criticism from Democrats (TCWF, Washington Post, Washington Post 2, USA Today, AEI).

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