The recent releases of House Ways and Means Committee Chair Dave Camp’s tax reform discussion draft and President Obama’s 2015 budget proposal are out for review, and the Community VITA field will have plenty of reason to keep our eyes on both. Not the least of which are the two plans’ proposals to reform the Earned Income Tax Credit. Read the rest of this entry
Last week, NCTC organized a Day of Action so that some of our Financial Aid U (FAU) and College Assistance Program (CAP) members could meet with their elected officials in order to advocate for higher education and financial aid policies that increase postsecondary access and affordability. These two initiatives both entail assisting students and their families with filling-out the Free Application for Federal Student Aid (FAFSA), which is the first step in accessing financial aid, without which the dream of attending college would be beyond the reach of too many families. Read the rest of this entry
Tax credits that help working families make ends meet should be treated as no less important than tax benefits exclusive to the very wealthiest of households. In fact, they’re even more critical to the overall stability of our nation’s economy.
Thus, NCTC has obtained the signatures of more than 300 local, state, and national organizations for a letter supporting new legislation to protect and strengthen the Child Tax Credit (CTC) and (EITC). Read the rest of this entry
With elections behind us, our national leaders are returning to Washington for this Congress’ final weeks of session, and must come together on a plan to avoid the dangers of the so-called “fiscal cliff.” But what is that cliff, and what does it signify for Americans in need?
The cliff refers to two things, and their combined effects: Read the rest of this entry
As we honor the value of hard work, Labor Day provides a particularly good opportunity to reflect on the efforts of families who often work the hardest but still struggle to attain financial security.
Adding to that perspective is a timely, new report by the Marguerite Casey Foundation called “’Skin in the Game’: The Federal Tax System, Tax Reform , and Poor Families.” It reiterates the fact that those working-poor households who pay no federal income taxes nonetheless contribute substantially to the government that serves us all. Read the rest of this entry
We at NCTC can’t believe it’s already August, either. While this summer has been flying past, we’ve been gearing-up our advocates, preparing them to meet with their elected officials while they are in their home districts during the August recess. If you’re not already part of those important plans, we strongly encourage you to join us.
There’s a lot at stake for working families right now. This December will mean expiring tax provisions – ranging from the 2001 and 2003 tax cuts, to more recent improvements in the Earned Income Tax Credit and the Child Tax Credit, to the very existence of the American Opportunity Tax Credit – unless Congress works to extend them. Read the rest of this entry