skip to main content
skip to newscasts

Monday, June 24, 2024

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

America's 'Radical Elders' continue their work for fairness, justice; SCOTUS upholds law disarming domestic abusers; Workplace adoption benefits help families, communities; Report examines barriers to successful post-prison re-entry in NC.

view newscast page
play newscast audioPlay

A congresswoman celebrates Biden protections for mixed status families, Louisiana's Ten Commandments law faces an inevitable legal challenge, and a senator moves to repeal the strict 19th century anti-obscenity and anti-abortion Comstock Act.

view newscast page
play newscast audioPlay

A Minnesota town claims the oldest rural Pride Festival while rural educators say they need support to teach kids social issues, rural businesses can suffer when dollar stores come to town and prairie states like South Dakota are getting help to protect grasslands.

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
The 2024 Summer U.S. Conference of Mayors in Kansas City, Mo., will be under the leadership of its president, Mayor Hillary Schieve of Reno, Nev., and host Kansas City Mayor Quinton Lucas.
(SeanPavonePhoto/Adobe Stock)

play sound

Some Michigan mayors are out of the office this week - but still working for their cities. They're at the 92nd meeting of the United States …


Social Issues

play sound

Summer is here, but some Wisconsin households juggling higher consumer costs and other basic needs might feel like a vacation is out of reach…

Social Issues

play sound

An interim North Dakota legislative committee this week got an update from state leaders on potential moves to reconnect kids in foster care with thei…


Social Issues

play sound

More employers are offering benefits to adoptive parents, according to a new survey by the Dave Thomas Foundation for Adoption. The amount of paid …

About a quarter of Americans hold unfavorable views of both former President Donald Trump and President Joe Biden. (Christian Delbert/Adobe Stock)

Social Issues

play sound

The Arizona Court of Appeals recently dismissed a case brought by Republican Arizona attorney general candidate Abraham Hamadeh, Republican Cochise …

Social Issues

play sound

Members of the group Radical Elders are participating in a Chicago tech conference this weekend to explain the impact of technology on older Americans…

play sound

Danskammer Energy is no longer seeking an expansion of its Newburgh plant. The original plan called for expanding the company's "peaker plant" meant …

 

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