News Round Up: April 6, 2020
Here are some highlights from the past week’s news and upcoming events on family tax credit issues:
Top Story: The Institute on Taxation and Economic Policy recommended ways federal and state policymakers can modify the Earned Income Tax Credit (EITC) to ensure eligible workers can receive the full benefit of the credit during the COVID-19 pandemic. (ITEP)
- After the enactment of the CARES Act to support American workers, Democrats are fighting for more generous relief checks for low-income workers in the form of an expanded federal EITC or Universal Basic Income. (The Hill)
- Wisconsin Governor Tony Evers (D) introduced a set of proposals to combat the impact of the COVID-19 pandemic on the state economy, including a bill to increase the state EITC from 4 to 11 percent of the federal credit for filers with one dependent and from 11 to 14 percent of the federal credit for filers with two or more dependents. (ITEP)
- In case you missed it, the Internal Revenue Service extended federal Tax Day to July 15, 2020 in response to the Coronavirus. Learn about their plan and how it impacts workers in our blog. (TCWF)
- We blogged about a new research brief from the Carsey School of Public Policy that highlights the EITC as one of the most effective safety-net programs for young parents. (TCWF)