Since the 116th United States Congress convened at the beginning of this year, debates and actions on tax policy have continued to progress on Capitol Hill. So far, the two Tax Writing Committees in Congress—the Senate Finance Committee and House Ways and Means Committee—along with the House Budget Committee have held a number of hearings on tax policy issues. Among these are hearings that focused on the 2019 tax filing season and the 21st century IRS, the 2017 tax law and who it left behind, and the impact the 2017 tax law has on the federal budget and American families.
At the same time, members of Congress have introduced more than 400 bills related to tax policy, including several proposals that would greatly expand or create tax credits aimed at helping working families. Among the most notable of these proposals are the Working Families Tax Relief Act, sponsored by Senators Brown (D-OH), Bennet (D-CO), Durbin (D-IL), and Wyden (D-OR); and the LIFT the Middle Class Act, sponsored by Senator Harris (D-CA). In addition to these proposals, there is an ongoing bipartisan effort to make the Volunteer Income Tax Assistance (VITA) Program permanent and increase its funding to help even more low- and moderate-income families benefit from the tax code.
While these actions have not translated into enacted policy yet, we are encouraged by the progress to advance meaningful, fair and inclusive tax policies. As the first session of the 116th Congress reaches its second half, we hope you will continue to engage in the debate to create an equitable tax code for all, including by calling on your members to introduce and support policies that achieve this goal.
Thank you for your hard work to create fair and inclusive tax policies!
Tax Alliance for Economic Mobility
Tax Policy Fact Sheets (Tax Alliance for Economic Mobility)
As part of our work to convene racial justice advocates, asset-building advocates, tax reform experts and researchers with the shared goal of creating a more equitable tax code, we’ve leveraged the expertise of our the alliance to create a series of simple-to-use fact sheets covering the basics around a range of critical policy issues, including:
- Earned Income Tax Credit (EITC)
- Child Tax Credit (CTC)
- Child and Dependent Care Tax Credit (CDCTC)
- Mortgage Interest Deduction (MID)
- Race and Taxes
- Saver’s Credit
- Volunteer Income Tax Assistance (VITA) Program
We hope you will find these fact sheets helpful in your advocacy for a more equitable tax code!
Understanding Five Major Federal Tax Credit Proposals (Institute on Taxation and Economic Policy)
The Working Families Tax Relief Act: Making The Tax Code Better Support Women and Families (National Women’s Law Center)
Working Families Tax Relief Act Would Raise Incomes of 46 Million Households, Reduce Child Poverty (Center on Budget and Policy Priorities)
“House Passes Bipartisan IRS Reform Bill Without ‘Free File’ Provision,” The Hill, June 10, 2019
“Yes, Taxing the Rich Is Possible,” New York Times, Opinion, June 5, 2019
“Democrats’ Tax Cuts Target Middle Class More Than Trump’s, Study Says,” New York Times, May 22, 2019
“The Democrats’ new tax plan is their clearest, most efficient blueprint yet,” Washington Post, Opinions, April 11, 2019
“House backs bill barring IRS from offering free tax filing services,” Washington Post, April 9, 2019
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