Earlier this week, New Jersey Governor Phil Murphy (D) signed legislation to expand New Jersey’s EITC from 39 to 40 percent of the federal credit and lower the age of eligibility from 25 to 21. Learn more about the legislation here. According to the Governor’s office, this expansion will benefit an additional 60,000 workers across…
A new report from the Center on Budget and Policy Priorities recommends temporarily making the CTC fully refundable t and increasing the value of the EITC for workers without dependent children. Expansions could benefit an estimated 10.4 million rural residents. These provisions were both included in the U.S. House of Representatives’ recently passed Health and…
Prosperity Now has released its 2020 version of the report: From Upside Down to Right-Side Up: Turning the Tax Code Into an Engine for Economic and Racial Equality. As the authors explain: Upside down provisions within the tax code are designed in ways that overlook or lock out communities of color, widening inequities facing these…
Tax day 2020 arrived this week, and with it some exciting news from Colorado as it becomes the first state to expand EITC eligibility to taxpayers with Individual Taxpayer Identification Numbers (ITINs), a major step toward making the EITC more inclusive for immigrant families and enhancing the credit’s impact. The EITC is a financial lifeline for…
The Institute for Women’s Policy Research (IWPR) and the University of California-Berkeley’s Work-Family Supports and Health Research Hub recently hosted the webinar: Work Supports and Health: The Earned Income Tax Credit. The COVID-19 global pandemic is having a substantial impact on the economy; most experts agree that the United States, among other countries, is headed…
A new report from the Center on Budget and Policy Priorities encourages states to enact and strengthen state-level Earned Income Tax Credits (EITC) to create an anti-racist policy response to the COVID-19 crisis. The report – 3 Principles for an Anti-Racist, Equitable State Response to COVID-19 – and a Stronger Recovery, lays out principles to…
The CDC Foundation has published its Earned Income Tax Credit (EITC) Public Health Action Guide for public health care professionals. This guide includes information on EITCs, how EITCs keep more families and children above the poverty line, and their link with positive health outcomes, especially among mothers and children. The goal for this guide is to…
Over the last month, the number of unemployment claims has risen to 22 million, with low-wage workers – those who are the most vulnerable and have the least amount of job protection – in the bull’s eye of the pandemic’s threat to the labor force. This economic crisis has already erased the number of jobs…
A new report by Jesse Rothstein from IRLE at UC Berkeley and Ben Zipperer of the Economic Policy Institute shows that the EITC and the minimum wage are complementary policies that, in many cases, may be more effective together than either is on its own. “Policy discussions often treat EITC expansion and raising the minimum…
Looking for examples of effective strategies and lessons learned from recent state EITC expansion campaigns? Check out Tax Credits for Workers and Their Families’ (TCWF) newest set of case studies spotlighting successful campaigns to expand state EITCs in Minnesota, New Mexico, and Oregon. See also: TCWF: A 2019 Guide to Effective EITC Advocacy.