News Round Up: November 21, 2022
Top Story: A new report from the Institute on Taxation and Economic Policy (ITEP) and the Center on Poverty and Social Policy at Columbia University detailed how each state and D.C. could use state-level Child Tax Credits (CTCs) to dramatically reduce child poverty and mitigate the regressive tax policies. (ITEP)
- An article from the Journal of American Medical Association found that after the expiration of the 2021 temporary expansion of the federal CTC, food insecurity rates in households with children rose nearly 25% within six months. (Colorado Newsline)
- A recent report from the Center on Budget and Policy Priorities (CBPP) identified expanding the federal CTC as a year-end policy priority for Congress to reduce child poverty for 19 million children who are ineligible for the full credit due to their families’ incomes being too low. (CBPP)