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
It’s good to see the value of VITA reemerging in key federal policy communications recently – the product of strong efforts by advocates and Congressional champions alike.
For example, as lawmakers begin to focus on budget decisions, nearly 50 of them have personally endorsed the need to ensure strong resources for Volunteer Income Tax Assistance in Fiscal Year 2014. 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
Strengthening VITA should be among the first orders of business for any federal tax reforms prioritizing “simplicity,” according to comments NCTC submitted to Congress on Tax Day.
The working families who would benefit from improvements in Volunteer Income Tax Assistance also need policymakers to bolster targeted tax credits as well as important savings policies, we added. Read the rest of this entry
“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
Last night, President Obama delivered his annual State of the Union address to Congress with no shortage of proposals designed to continue to spur economic confidence and growth. While many of the specifics of his proposals will be laid out over the coming weeks, I was pleased to hear several overtures to take the tax reform bull by the horns and make real progress while recognizing the needs of our hardest working taxpaying families.
The President’s speech emphasized fairness, and I look forward to seeing how the optimism expressed for our economy last night will be translated into honest reform. Read the rest of this entry