iOS app Android app

Child Tax Credit

Obama Wisely Calls for Boosting Tax Credits for Childless Adults

Chuck Marr | Posted 01.13.2016 | Politics
Chuck Marr

The Earned Income Tax Credit has long enjoyed bipartisan support because it encourages and rewards the work of low- and moderate-income people.

Congress Extends Many Expired Tax Breaks: Learn How You Could Benefit

Lisa Greene-Lewis, CPA | Posted 12.21.2015 | Business
Lisa Greene-Lewis, CPA

Just like the holidays, tax season seems to creep up before you know it. While you may be thinking creep is the only thing the holidays and taxes have...

This Tax Legislation Is Terrible, But It Might Be Worth Passing

The Huffington Post | Jonathan Cohn | Posted 12.17.2015 | Politics

Congress is on the verge of passing a package of very expensive tax cuts and there’s plenty about it to despise. It’s full of huge corpo...

Protecting Americans from Tax Hikes (PATH) Act of 2015

Stacey D. Stewart | Posted 12.17.2015 | Politics
Stacey D. Stewart

If key provisions of the EITC and CTC are left to expire, the impact to working Americans will be immense. The Earned Income Tax Credit and Child Tax credit have a history of bipartisan support, fighting poverty and incentivizing work.

Pelosi Throws Cold Water On Tax Extenders Bill As Talks Run Down To The Wire

The Huffington Post | Laura Barron-Lopez | Posted 12.11.2015 | Politics

WASHINGTON -- House Minority Leader Nancy Pelosi (D-Calif.) came out swinging Friday against a massive tax extenders package Congress is hoping to pa...

We Need Congress to Take Action to Protect Working Families This Year

Sr. Simone Campbell | Posted 12.10.2015 | Politics
Sr. Simone Campbell

Disagreements are a valuable part of the process, but Congressional leaders must make it a priority to bridge divides and work together for the benefit of all, with specific care for the most vulnerable.

The Biggest Blow To Obamacare Yet Could Come From Democrats

The Huffington Post | Jonathan Cohn | Posted 12.08.2015 | Politics

(function(){var src_url="https://spshared.5min.com/Scripts/PlayerSeed.js?playList=519302746&height=&width=100&sid=577&origin=SOLR&videoGroupID=155847...

This Could Be The Last Big Anti-Poverty Effort Of Obama's Presidency

The Huffington Post | Jonathan Cohn | Posted 12.05.2015 | Politics

President Barack Obama and some of his allies are trying to transform an ugly piece of tax legislation into something that gives critical help to mil...

No More Domino Effect: Congress Must Renew the Tax Credits That Keep Families From Falling Down

Kristin Rowe-Finkbeiner | Posted 12.01.2015 | Politics
Kristin Rowe-Finkbeiner

The EITC and Child Tax Credit help stop the falling dominoes that add up to poverty by going directly to moms and dads who are working hard and spending their hard earned cash right in their local communities, giving local businesses and the economy a big boost.

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 02.02.2016 | Queer 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.