News Round Up: May 24, 2021
Top Story: A new report from the Center on Budget and Policy Priorities (CBPP) called for Congress to permanently expand the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC) as outlined in President Joe Biden’s American Families Plan and make children with an Individual Tax Identification Number (ITIN) eligible for the credit. (CBPP)
- A new blog post from The Brookings Institution analyzed the impact that structural racism has on child poverty and how policies like the expanded CTC must effectively address racial inequities to achieve anti-poverty goals. (Brookings)
- A new report from the Center for American Progress urged Congress to permanently expand the EITC and CTC to provide critical support for families. (Center for American Progress)
- Iowa legislators passed sweeping tax legislation that will significantly expand eligibility for the state child care tax credit, raising the income limit from $45,000 to $90,000. (Iowa Public Radio)
- The Massachusetts Budget and Policy Center and the Massachusetts Immigrant and Refugee Advocacy Center appealed to state lawmakers to expand the state EITC’s eligibility to taxpayers who file with an ITIN and help the credit reach an estimated 13,200 more households. (WHDH)
- Oklahoma Gov. Kevin Stitt (R) signed into law legislation that will restore the state EITC’s refundability, after lawmakers gutted the credit in 2016. (The Oklahoman)