ICYMI – Consumer Survey Highlights EITC Recipients’ Savings Habits

A recent consumer survey by the National Retail Federation asked respondents of different income levels how they planned on spending their tax refunds. The survey results showed that the vast majority of respondents earning less than $50,000 per year were likely to use their money for savings (43.8 percent), to pay down debt (38.1 percent) or to pay for…

The Interaction of Need-Tested Benefits

The Congressional Research Service (CRS) released a report at the end of last year exploring the interaction of nine major need-tested benefit programs, including tax credits, to provide information on eligibility and benefit receipt among individuals and households. The report uses U.S. Census data along with microsimulation modeling to delve into the number of individuals…

A Spotlight on Paycheck Plus

Policymakers made significant strides in “making work pay” for low-income families with children when they made permanent critical improvements to the EITC and CTC last year. But, as noted above, the EITC still largely excludes workers who are not raising children. Paycheck Plus, a pilot program simulating an expanded EITC for low-income single workers without…

March 2016 Newsletter Interview: Lana Wood, Project HOPE Coordinator at Community Foundation of Greater Dubuque

Tell us about your foundation’s work on family economic security. Our Foundation’s vision is a vibrant and inclusive Greater Dubuque region with resources and opportunities for all. We see our role in building this vision as being a convener and catalyst in our community, providing community leadership and a table for economic security efforts. Project…

Revisiting Periodic Payment Proposals

Steve Holt, author of the 2008 Brookings paper, “Beyond the Lump Sum: Periodic Payment of the Earned Income Tax Credit,” is revisiting the paper’s original periodic payment proposal in light of several significant recent developments. The recently released “Periodic Payment of the Earned Income Tax Credit Revisited” addresses the following questions: What is the demand for periodic payment alternatives?…