Monthly Archives: March 2013
“Tax reform” can mean many different things. So, as Congress collects ideas for tax-code changes, it’s important that advocates for working families make clear our chief aim for any reforms: protecting and strengthening the well-being of struggling households. Read the rest of this entry
This week, the U.S. House and Senate voted upon each chamber’s respective majority budget resolution for fiscal year 2014. While the House budget passed in the House and the Senate budget is expected to pass in its own chamber in the next day or so, neither of these competing plans has much chance of being enacted or funded through the actual appropriations process. The Congressional Progressive Caucus has also released its own, “Back to Work Budget,” which is even less likely to be enacted, which picked-up only 84 votes in the House. Read the rest of this entry
The first major state-EITC proposal to cross a legislative finish line in 2013 is a huge disappointment, threatening tougher times for working families in North Carolina.
Governor McCrory now has signed into law a measure cutting the value of his state’s Earned Income Tax Credit by 10 percent for one year and allowing it to expire entirely after that. About 900,000 low- and moderate-income households face tax increases as a result. Read the rest of this entry
As part of our new story-collecting process, NCTC is providing incentives to clients who have taken time to be interviewed and share about their experience and struggles. Throughout the tax season, NCTC is randomly choosing a story and sending that client a $20 gift card. Donna Hodges, a client of Just Harvest in Pittsburgh for several years, is our first winner! Read the rest of this entry
If there’s any good news for taxpayers regarding across-the-board federal budget cuts that began to take effect March 1, it’s that the Internal Revenue Service (IRS) does not expect the so-called “sequester” to delay tax refunds this spring.