As tax-policy questions fill the nation’s capital, Congressman Danny Davis received both thanks and encouragement for his related, anti-poverty efforts during a visit to NCTC member organization, Center for Economic Progress (CEP) on August 13th.
U.S. Rep. Davis, who represents Illinois’ 7th congressional district, visited CEP during one of its regular “Money Action Days” Tuesday. Read the rest of this entry
Last Friday, President Obama officially signed into law a bipartisan compromise bill that lawmakers say will save students thousands of dollars in student-loan interest payments after they graduate. NCTC, particularly through the Financial Aid U and College Assistance Programs, is committed to ensuring low- and moderate-income students are able to afford the higher education they want to get ahead. Here’s a brief overview of the compromise that was reached, after this summer saw a flurry of proposals and counter-proposals attempting to address the student loan issue. Read the rest of this entry
VITA is in season in Washington, D.C. with recent news emerging from the U.S. House, Senate, and the IRS. Appropriations bills for the next fiscal year have now been put forward by committees in both houses with new challenges and opportunities for the VITA grant program. And the VITA Act has now been reintroduced in the Senate as well as the House. Add to this the latest news on VITA quality from the IRS, and there’s an impressive backdrop of news to inform your August recess in-district Congressional meetings. Read the rest of this entry
Reforming our country’s immigration system has been one of the more ambitious goals Congress has been tackling this year. Last month, the U.S. Senate took a big step forward by approving that chamber’s comprehensive immigration legislation with bipartisan support. But particularly as the debate moves to the U.S. House of Representatives, there is still a long way to go – and considerable disagreement over certain key provisions – before reforms become law. Read the rest of this entry
When a U.S. District Court judge set-aside IRS regulations of commercial tax preparers in January, he said the agency lacks the statutory authority to impose such rules.
Many policy experts and organizations respectfully disagree, including NCTC. We long have believed the IRS has the proper legal standing – not to mention the fundamental responsibility – to develop and enforce rules to protect taxpayers from fraud or incompetence at the hands of paid tax preparers. And we continue to maintain that.
Nonetheless, the process of appealing the district-court decision could take a great deal of time, and its outcome is uncertain. So, we welcome such proposals as the “Taxpayer Protection and Preparer Fraud Prevention Act” (H.R.1570), filed last month by U.S. Rep. Cedric Richmond of Louisiana. 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