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2015 -- Happy New Year, Happy Tax Fitness!

Mark Steber | Posted 03.16.2015 | Business
Mark Steber

One of my resolutions is to help as many people as possible achieve one of the most common resolutions American's make: financial fitness. Was it on your list or should it have been?

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).

2013 Census Data on Poverty, Income Tells a Story About Our Priorities

Tiziana Dearing | Posted 11.17.2014 | Politics
Tiziana Dearing

It turns out, we get results in the places we invest. The question is, are we investing in the right places?

Ryan "Opportunity Grant" Proposal Would Likely Increase Poverty and Shrink Resources for Poverty Programs Over Time

Bob Greenstein | Posted 09.23.2014 | Politics
Bob Greenstein

While some other elements of the Ryan poverty plan deserve serious consideration, such as those relating to the Earned Income Tax Credit and criminal justice reform, his "Opportunity Grant" would likely increase poverty and hardship, and is therefore ill-advised.

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.

Listening to the OECD and IMF (!?#*!) on the EITC/Minimum Wage Connection

Jared Bernstein | Posted 08.18.2014 | Business
Jared Bernstein

OECD's report touts the virtues of the EITC as a wage subsidy for low-income workers that both encourages work and reduces poverty. They go on to emphasize an EITC reform that we too have gotten solidly behind.

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?

Ryan Report Largely Ignores Anti-Poverty Programs' Long-Term Successes

Arloc Sherman | Posted 05.28.2014 | Politics
Arloc Sherman

The Ryan report grimly concludes that federal programs are "failing to address" poverty. Poverty certainly remains too high. But the report seems determined not to recognize the long-term successes of existing programs even when the evidence is in plain sight.

Leading Senator Adds to Momentum for Helping Childless Workers

Chuck Marr | Posted 05.26.2014 | Politics
Chuck Marr

Senate Budget Committee Chairman Patty Murray (D-WA) proposed today to build on the Earned Income Tax Credit's (EITC) pro-work success story by signif...

Hanged For A Lamb

Robert Kuttner | Posted 05.09.2014 | Politics
Robert Kuttner

To the extent that the Obama budget is intended as a "campaign blueprint" -- to signal to working families that Obama cares about them and to force the Republicans to cast difficult votes -- it is a very small step in the right direction. But it probably will sway a few voters, because it doesn't make enough of a difference. Obama is being branded a populist by the establishment press and irresponsible by Republicans for what is really a very tame program. He should at least earn these adjectives and get the public's attention. As it is, he might as well be hanged for a sheep. He might as well come out for policies that would make a real difference. That would actually be worthy of the terms "populist" and "campaign blueprint."

Breaking Out of the Budget Straitjacket

Deborah Weinstein | Posted 05.06.2014 | Politics
Deborah Weinstein

The President's annual budget demonstrates whether our values are driving our national choices. Are we going to continue to give extra tax breaks worth billions to hot shots in the finance industry or re-direct tax help to decrease the poverty of more than 13 million workers?

Here's How Obama Can Lift 500,000 Out Of Poverty Without Raising The Minimum Wage

The Huffington Post | Jillian Berman | Posted 03.04.2014 | Business

President Obama says he can lift 500,000 Americans out of poverty with just one move. In his proposed budget for fiscal 2015, released on Tuesday,...

New Report: More Working Mothers Are Low-Income; State Actions Needed

Brandon Roberts | Posted 04.14.2014 | Politics
Brandon Roberts

State governments have significant authority and opportunity to assist low-income working families with children... if they have the will.

It's the Most Wonderful Time of the Year

Mark Steber | Posted 04.05.2014 | Business
Mark Steber

Every year the rules are different and other considerations related to filing your tax return and paying the least you can or getting the biggest refund you can are changing and constantly new and confusing, so like most taxpayers, you probably have a lot of questions.

A Valuable Tax Credit Too Many Workers Don't Know About

Jim Gibbons | Posted 04.01.2014 | Impact
Jim Gibbons

Imagine if you qualified for a valuable tax credit but weren't even aware of it. Unfortunately, this is the case for far too many Americans when it co...

Why We Need a Stronger Minimum Wage

Jared Bernstein | Posted 03.31.2014 | Politics
Jared Bernstein

Today's minimum wage is 22 percent below its late 1960s peak, after adjusting for inflation. Raising it to the $10-an-hour range would help to offset some of the unfavorable trends facing low-wage workers, including stagnant or falling real wages and inadequate bargaining power that leaves them solidly on the "have-not" side of the inequality divide.

President Obama Calls to Expand EITC for Childless Workers, Joining Growing Bipartisan Consensus

Chuck Marr | Posted 03.31.2014 | Politics
Chuck Marr

With President Obama calling for expanding the Earned Income Tax Credit (EITC) for childless workers, as he did in last night's State of the Union spe...

January 31 is IRS' EITC Awareness Day

Mark Steber | Posted 03.31.2014 | Business
Mark Steber

Earned Income Tax Credit, also called EITC or EIC, is a tax credit designed to help low-to- moderate income working individuals and families keep more...

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...

Latino Poverty Remains Too High Three Years Into Recovery: Latinos Want Good Jobs, Not Cuts

National Council of La Raza | Posted 11.19.2013 | Latino Voices
National Council of La Raza

Instead of helping, Congress is on the brink of enacting more job-killing budget cuts and slashing such lifelines as the Supplemental Nutrition Assistance Program (SNAP), formerly known as Food Stamps.

The 1 Move That Would Suddenly Pull 300,000 Workers Out Of Poverty

The Huffington Post | Posted 07.17.2013 | Business

Legislation introduced in both the Senate and the House of Representatives could pull hundreds of thousands of the country's working poor out of pover...

Minimum Wage, Maximum Dissent

Ed Crego, George Muñoz and Frank Islam | Posted 08.17.2013 | Politics
Ed Crego, George Muñoz and Frank Islam

America has been tilting toward an economy that benefits primarily the 1 percent. For America to work we need an economy that benefits the 100 percent. Combining an enhanced EITC and minimum wage moves us in that direction.

Dilemma -- the Earned Income Tax Credit

Christopher Bergin | Posted 06.25.2013 | Politics
Christopher Bergin

Immediately, some began to assert that Baucus' announcement meant the end of tax reform. Pardon me if I differ, but if anything, it probably helps the tax reform effort a bit by concentrating Baucus more on it.

Working for the Tax Man? For Grandfamilies, Not Anymore

Donna M. Butts | Posted 06.02.2013 | Impact
Donna M. Butts

Books, magazines and online articles abound with ideas for bringing older and younger generations together in activities that promote bonding between the ages. But who would have thought that a tax preparation event would do that -- and pay big dividends for those who took part?