skip to main content
skip to newscasts

Thursday, December 26, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

3 shot and 1 stabbed at Phoenix airport in apparent family dispute on Christmas night, officials say; CT Student Loan Reimbursement Program begins Jan. 1; WI farmer unfazed by weather due to conservation practices; Government subsidies make meat cost less, but with hidden expenses.

view newscast page
play newscast audioPlay

The authors of Project 2025 say they'll carry out a hard-right agenda, voting rights advocates raise alarm over Trump's pick to lead the Justice Department's Civil Rights Division, and conservatives aim to cut federal funding for public broadcasting.

view newscast page
play newscast audioPlay

From the unprecedented election season to the latest environmental news, the Yonder Report looks back at stories that topped our weekly 2024 newscasts.

New expansion of Child Tax Credit advances in Congress

play audio
Play

Friday, February 2, 2024   

Tax-filing season is underway, and Congress is one step closer to helping low-income families get a bigger break on their returns. Policy experts say a new expansion of the Child Tax Credit would address poverty, in Wisconsin and elsewhere.

Late this week, the U.S. House passed a bipartisan tax bill that includes a three-year expansion of the Child Tax Credit. Analysts have said it isn't as robust as the one-year expansion from 2021, but a key provision would allow families with little or no income to gain eligibility.

Tim Smeeding, a retired professor of public affairs and economics at the University of Wisconsin, said it could allow struggling households to address a big expense they haven't been able to cover.

"You can pay heating bills that you've let go because you know that the utility won't shut you off until you get the tax refund," he said.

Smeeding, who formerly directed the Institute for Research on Poverty, said eliminating those debts frees up money for families to spend on children's needs.

Unlike the previous expansion, there would not be monthly payments. It only would apply to a family's income-tax refund. The compromise measure also includes business tax breaks. Despite bipartisan support in the House, the bill faces an uncertain future in the Senate, with pushback from both Republicans and Democrats.

The Center on Budget and Policy Priorities estimates that in the first year, expanding the Child Tax Credit would lift as many as 400,000 kids above the poverty line.

While there are calls to bring back the original expansion, Kris Cox, the center's deputy director for federal tax policy, said this bill would still make a difference.

"Half of kids who don't get the full credit now, their families will gain $600 or more from the bill," she said, "and about 40% of kids who don't get the full credit now, their families will gain $1,000 or more from this bill."

Bill sponsors hope to get final approval so qualifying households could claim the credit on this year's taxes. Cox said if you file earlier, the measure instructs the Internal Revenue Service o "make good" on your return.

Wisconsin has an Earned Income Tax Credit, but the state is often cited as having a regressive tax structure that hurts low-income households. Experts have said the federal plan would help ease that burden.


get more stories like this via email

more stories
A 2023 report from Michigan Traffic Crash Facts showed 62 snowmobiles were involved in crashes on public roadways, resulting in two fatalities and 41 injuries. (gentho/Adobe Stock)

Health and Wellness

play sound

Winter conditions across Michigan are fickle and The Michigan Department of Natural Resources is urging everyone to prioritize safety while enjoying t…


Environment

play sound

A diverse group of Southwest Wisconsin farmers are using federally funded conservation programs to help improve their farms' soil health and resilienc…

Social Issues

play sound

Mainers are encouraged to be on the lookout for increasingly sophisticated scams during the holiday season. Fake emails appearing to be from …


According to the March of Dimes, 15.4% of Wyoming women did not have a birthing hospital within 30 minutes of home last year, compared to a U.S. average of 9.7%. (MANUEL/Adobe Stock)

Health and Wellness

play sound

Evanston Regional Hospital is discontinuing its labor and delivery services next week, citing a "steady decline of demand." It is the fourth Wyoming …

Environment

play sound

By Leilani Marie Labong for FoodPrint.Broadcast version by Suzanne Potter for California News Service reporting for the FoodPrint-Public News Service …

Education Data reported there are 507,200 student loan borrowers in Connecticut, with an average debt amount of $36,672. (Adobe Stock)

play sound

Connecticut is launching its Student Loan Reimbursement Program Jan. 1. The program was created through legislation passed by the state's General …

Social Issues

play sound

This week, President Joe Biden commuted the sentences of 37 people with federal death row convictions to life sentences without parole. Groups …

Health and Wellness

play sound

A new federal rule aims to close a loophole allowing coal companies to walk away from their obligations to pay disability benefits and health insuranc…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021