iOS app Android app

Child Tax Credit

Let's Be Honest: This Is the REAL Benefit of Having Kids

Carlotta Eike Stankiewicz | Posted 06.15.2015 | Parents
Carlotta Eike Stankiewicz

My girls are the light of my life and so very, very worth everything I do for them. But on Tax Day, I get a bit more appreciative of how much they mean to me.

It's Time to Queer Our Taxes

Meghan Maury | Posted 06.15.2015 | Gay Voices
Meghan Maury

While more states are recognizing same-sex couples' right to marry, there is still an enormous amount of work to be done to secure social justice for all. Ensuring that our families are recognized by the federal tax code is a queer issue. Updating our tax code must remain a key component of advancing freedom, equality, and justice for LGBTQ people.

Cutting Vital Tax Credits for Working Families Will Put Our Nation's Children at Risk

Janet Murguía | Posted 05.26.2015 | Latino Voices
Janet Murguía

The Latino community will remember that the interests of more than 4 million of its children were sacrificed so a few politicians could pander to extremists. We hope candidates remember this episode in 2016, when they experience a record turnout of Hispanic voters.

The Grand Republican Strategy: We Win, You Pay!

Anthony W. Orlando | Posted 05.25.2015 | Politics
Anthony W. Orlando

You never hear the reformocons talk about arithmetic in their speeches. They talk about inequality and upward mobility and the American middle class. They talk about all sorts of expensive new plans, and they never mention that there's a catch.

Congress, Invest in the Vital Power of VITA

Stacey D. Stewart | Posted 05.24.2015 | Politics
Stacey D. Stewart

Through Volunteer Income Tax Assistance (VITA), volunteers become IRS-certified tax preparers and provide qualifying individuals and families with free, accurate assistance in filing federal tax returns. Fortunately, Congress has a history of supporting this successful public-private partnership.

At Long Last, Latino Employment Bounces Back

Janet Murguía | Posted 05.10.2015 | Latino Voices
Janet Murguía

Latinos and other communities are finally benefitting from the protracted economic recovery. We need to secure this still-fragile recovery among communities of color by maximizing what they can earn, create, and contribute to further benefit our economy and the well-being of all Americans.

Lee-Rubio Tax Plan: Huge New Windfall at the Top, Lost Child Credits at the Bottom

Chuck Marr | Posted 05.04.2015 | Politics
Chuck Marr

Their new tax plan builds on Senator Lee's 2014 plan and creates something that's even more tilted in favor of the country's highest-income people, and likely much more fiscally irresponsible. And, like last year's plan, it not only excludes most working-poor families from its new child tax credit but allows much of their existing child credit to disappear after 2017.

Sunday Roundup

Arianna Huffington | Posted 03.26.2015 | Politics
Arianna Huffington

This week we learned that the State of the Union is [spoiler alert] "strong." Asserting that "the shadow of crisis has passed," President Obama decried growing inequality and laid out a vision of growth for the middle class -- which he mentioned seven times. Proposals included higher minimum wage, child tax credits, and free community college. Unanswered was why he didn't do this back in the days of bipartisan belt-tightening, which extended the decline of the middle class. Meanwhile, at the World Economic Forum in Davos, mindfulness was on many minds -- sessions on the practice, which attendees once rolled their eyes at, were standing room only this year. Click here to read and watch all our Davos coverage.

GOP 'Payback' to White Working Class That Voted Them in: Cut Earned Income Tax and Child Tax Credit

Ian Reifowitz | Posted 01.28.2015 | Politics
Ian Reifowitz

President Obama does something Republicans don't like on immigration, and their idea of payback is to stick it to working-class Americans who have kids, most of whom -- when we are talking about whites -- just voted to make them the majority party in both the House and the Senate.

Zach Carter

Obama Threatens To Veto Corporate Tax Deal

HuffingtonPost.com | Zach Carter | Posted 11.26.2014 | Politics

WASHINGTON -- The Obama administration on Tuesday threatened to veto a bipartisan tax deal that would reportedly create permanent tax perks for corpor...

Letting Tax-Credit Provisions Expire Would Push Millions Into Poverty

Chuck Marr | Posted 01.12.2015 | Politics
Chuck Marr

As Republicans and Democrats look for areas where they can work together, they should be able to agree to make permanent three key provisions of two pro-work tax credits: the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC).

Your Teen's Summer Job Could Trigger Tax Implications for Both of You

Mark Steber | Posted 10.07.2014 | Business
Mark Steber

Many things change when our children start working, let's look at the tax impact since those are clearer and certainly more readily explainable than other changes with our teenagers.

Michael McAuliff

House Votes To Boost Well-Off Kids, Cut Out Poor Kids

HuffingtonPost.com | Michael McAuliff | Posted 07.25.2014 | Politics

WASHINGTON -- The House of Representatives voted Friday to change a tax credit in a way that would add $115 billion to the deficit and hurt poorer par...

House GOP Follows Ryan Anti-Poverty Plan With Pro-Poverty Legislation

Chuck Marr | Posted 09.24.2014 | Politics
Chuck Marr

House Budget Committee Chairman Paul Ryan (R-WI) extolled the anti-poverty effects of the Earned Income Tax Credit (EITC) and, in his new poverty prop...

Republican Rhetoric on Poverty Seeks to Mask Their Troubling Reality

Rep. Sandy Levin | Posted 09.24.2014 | Politics
Rep. Sandy Levin

This week on the topic of poverty, Congressman Ryan spoke. A day later he and his Republican colleagues voted. What's clear is that action speaks lo...

House Should Reject Backwards Child Tax Credit Bill

Chuck Marr | Posted 09.17.2014 | Politics
Chuck Marr

The full House next week will consider the Ways and Means Committee's recently passed Child Tax Credit bill. A recent Tax Policy Center analysis confirms our previous critical assessments of the proposal, finding that it would make many relatively affluent people better off while making low-income working families poorer.

The Budget Is Not Fair, Mr. Chair

Marian Wright Edelman | Posted 07.02.2014 | Politics
Marian Wright Edelman

The way to end poverty is not to cut the very programs that are making the difference. What kind of leaders believe we can afford massive tax breaks for the richest one percent but cannot afford to meet the survival needs of all our poor children?

Lee Tax Reform Plan's Disappointing Details

Chuck Marr | Posted 05.20.2014 | Politics
Chuck Marr

In high-profile speeches on tax reform, Senator Mike Lee (R-UT) has called forcefully for expanding opportunity and helping parents raising children.  Unfortunately, the tax reform plan he recently detailed falls far short of his stated goals.

Camp Plan Hits Many Working Poor Families Hard, Taking $2,000 From Minimum Wage Mother

Bob Greenstein | Posted 04.29.2014 | Politics
Bob Greenstein

House Ways and Means Chairman Dave Camp's tax plan would produce winners and losers -- and among the big losers are many families in which parents are struggling to raise their children on poverty wages.

An Anti-Immigrant Attack Under the Guise of "Fiscal Responsibility"

Cristina Jiménez | Posted 04.13.2014 | Politics
Cristina Jiménez

Sen. Ayotte cannot have it both ways -- voting for comprehensive immigration reform with a path to citizenship and then turning around and offering legislation that would attack poor immigrant children.

Low Expectations But High Hopes Remain for Action in 2014

National Council of La Raza | Posted 04.07.2014 | Latino Voices
National Council of La Raza

To truly rein in the income gap, reduce significant health disparities, fix our immigration system, and ensure that all children have access to a quality, affordable education, we need our government working together.

One Anti-Poverty Initiative Both Sides Can Agree On

Chuck Marr | Posted 03.26.2014 | Politics
Chuck Marr

While liberals and conservatives differ sharply in assessing the War on Poverty,[1] they seem to agree that we must do more to help low-income childl...

Tackling Child Poverty: Having That Vision Thing

Bruce Lesley | Posted 03.17.2014 | Impact
Bruce Lesley

Nobody -- no matter their political ideology -- should find it acceptable that 22 percent of our nation's children live in poverty

Senator Kelly Ayotte Proposes Tax Hike Targeting 4 Million Low-Income Latino Kids

Fernando Espuelas | Posted 03.13.2014 | Politics
Fernando Espuelas

Ayotte's measure would only impact the undocumented immigrant community, a supposedly powerless, forlorn group that cannot respond to direct attacks from self-interested politicians and their right-wing sponsors.

Honoring Grandparents Who Raise Their Grandkids

Jason Alderman | Posted 11.04.2013 | Fifty
Jason Alderman

Ironically, even though many of these "grandfamilies" barely scrape by, they save taxpayers more than $6.5 billion each year by keeping children out of the foster care system.