News Round Up: September 7, 2021
Top Story: A new report from the Center on Budget and Policy Priorities (CBPP) examined early data on the impact of the expanded Child Tax Credit (CTC), recommending that federal economic recovery legislation should make the expansion permanent for the lowest-income families, many of whom were ineligible for the credit before the expansion. (CBPP)
- Code for America recently launched a free, mobile-friendly website available in English and Spanish for eligible families to sign up for the expanded CTC. The site, GetCTC.org is the result of the nonprofit’s collaboration with the White House and U.S. Department of the Treasury. (CNBC)
- A new survey published in the Yale Journal on Regulation asked tax law professors their views on tax reforms under consideration by the Biden administration, finding that 60.8% support expanding the Earned Income Tax Credit (EITC) and 64.2% support expanding the Child and Dependent Care Tax Credit (CDCTC). (Yale Journal on Regulation)
- A recent article by the Tax Foundation urged Congressional lawmakers to stabilize the tax code and consider permanently expanding currently temporary tax reforms, such as the expansion of the CDCTC and EITC. (Tax Foundation)
- The American Bar Association will host a panel of tax law and policy experts to discuss the future of the expanded CTC at a virtual event on Sept. 14. Register here.
- Bipartisan legislators in Georgia introduced a bill to create a state-level EITC equal to 10% of the federal credit. (Capitol Beat)