{"id":1173,"date":"2020-05-07T14:18:39","date_gmt":"2020-05-07T14:18:39","guid":{"rendered":"https:\/\/rosen-testing.senate.gov\/2020\/05\/07\/rosen-cortez-masto-colleagues-call-for-expansion-of-earned-income-tax-credit-child-tax-credit\/"},"modified":"2022-07-13T20:23:49","modified_gmt":"2022-07-13T20:23:49","slug":"rosen-cortez-masto-colleagues-call-for-expansion-of-earned-income-tax-credit-child-tax-credit","status":"publish","type":"post","link":"https:\/\/www.rosen.senate.gov\/es\/2020\/05\/07\/rosen-cortez-masto-colleagues-call-for-expansion-of-earned-income-tax-credit-child-tax-credit\/","title":{"rendered":"Rosen, Cortez Masto, Colleagues Call for Expansion of Earned Income Tax Credit, Child Tax Credit"},"content":{"rendered":"<p class=\"MsoNormal\"><b><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif;color:black\">WASHINGTON, D.C.&nbsp;\u2013&nbsp;<\/span><\/b><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif;color:black\">U.S. Senators Jacky&nbsp;Rosen&nbsp;(D-NV) and Catherine<span class=\"apple-converted-space\">&nbsp;<\/span>Cortez<span class=\"apple-converted-space\">&nbsp;<\/span>Masto&nbsp;(D-NV) joined<\/span><span class=\"apple-converted-space\"><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif\">&nbsp;<\/span><\/span><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif\">Senators Michael Bennet (D-CO),<span class=\"apple-converted-space\">&nbsp;<\/span><span style=\"color:black\">Sherrod Brown (D-OH), Dick Durbin (D-IL), Ron Wyden (D-OR), and Senate colleagues in a letter<span class=\"apple-converted-space\"><span style=\"background-position:initial initial;background-repeat:initial initial\"><span style=\"background:white\">&nbsp;<\/span><\/span><span style=\"background:white\">to Senate leaders calling for a temporary expansion of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) in the next Coronavirus Disease 2019 (COVID-19) economic relief package. As the economic effects of COVID-19 are expected to last into next year, this would put money back in the pockets of working Americans as they continue to weather the economic downturn.&nbsp; &nbsp;<\/span><\/span><\/span><\/span><u1_p><\/u1_p><o_p><\/o_p><\/p>\n<p class=\"MsoNormal\"><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif;color:black\">\u201c<span style=\"background-position:initial initial;background-repeat:initial initial\"><span style=\"background:white\">COVID-19 has presented our nation with an unprecedented public health challenge. This Congress has taken several bipartisan steps to address it, along with the resulting economic effects we\u2019ve already seen. However, additional measures are critical to confront and reverse ongoing economic paralysis<\/span><\/span>,\u201d<span class=\"apple-converted-space\">&nbsp;<\/span><b>wrote the Senators.<span class=\"apple-converted-space\">&nbsp;<\/span><\/b>\u201c<span style=\"background-position:initial initial;background-repeat:initial initial\"><span style=\"background:white\">The EITC and the CTC are proven and effective tools to increase financial stability for workers and their families. Expanding them will provide much needed support to families and boost our economy as our nation recovers from COVID-19.<\/span><\/span>\u201d<\/span><u1_p><\/u1_p><o_p><\/o_p><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif\">The full text of the<span class=\"apple-converted-space\">&nbsp;<\/span>letter<span class=\"apple-converted-space\">&nbsp;<\/span>can be found<span class=\"apple-converted-space\">&nbsp;<\/span><a href=\"http:\/\/www.rosen.senate.gov\/es\/sites\/default\/files\/2020-05\/EITC-CTC%20letter%2004.27.20.pdf\/\">aqu\u00ed<\/a><span class=\"apple-converted-space\">&nbsp;<\/span>and below:<\/span><\/b><u1_p><\/u1_p><o_p><\/o_p><\/p>\n<p class=\"MsoNormal\"><i><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif\">Dear Leader McConnell and Leader Schumer:<\/span><\/i><u1_p><\/u1_p><o_p><\/o_p><\/p>\n<p class=\"MsoNormal\"><i><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif\">The economic havoc brought about by COVID-19 will have wide-ranging and long-lasting effects, especially on low-wage workers, children, and their families. CBO expects unemployment to rise to 16% and then hold at levels of 10% through the end of 2021. More aggressive policy steps must be taken to get the economy back on an acceptable path. To help address this, we urge you to include a temporary expansion of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) in the next coronavirus legislative package, to take effect for tax year 2020.<\/span><\/i><u1_p><\/u1_p><o_p><\/o_p><\/p>\n<p class=\"MsoNormal\"><i><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif\">COVID-19 has presented our nation with an unprecedented public health challenge. This Congress has taken several bipartisan steps to address it, along with the resulting economic effects we\u2019ve already seen. However, additional measures are critical to confront and reverse ongoing economic paralysis. The EITC and the CTC are proven and effective tools to increase financial stability for workers and their families. Expanding them will provide much needed support to families and boost our economy as our nation recovers from COVID-19.<\/span><\/i><u1_p><\/u1_p><o_p><\/o_p><\/p>\n<p class=\"MsoNormal\"><i><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif\">The EITC promotes work and provides a financial boost to low-wage workers and their families. However, gaps in EITC mean that millions of people are left out. Low-wage seniors over 64 and the youngest adult workers not raising children in the home are locked out entirely: their EITC benefit is zero. In all, five million workers without children are taxed into or deeper into poverty, receiving only a small EITC benefit. Across our country, we have seen the importance of people who do essential jobs but are paid too little. An expanded EITC would provide additional income to supplement their limited earnings. Among the people who would benefit the most from a robust childless adult EITC are cashiers, health-aides, and truck drivers \u2013 workers on the front lines of coronavirus. We must fill the existing gaps and increase the size of the credit generally.<\/span><\/i><u1_p><\/u1_p><o_p><\/o_p><\/p>\n<p class=\"MsoNormal\"><i><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif\">The CTC provides a $2,000 credit to eligible families with children. Unfortunately, it currently leaves behind approximately 26 million children. That\u2019s because their families either qualify for no credit at all, or because they qualify for less than the full $2,000. The time is now to fix these obvious flaws by making the CTC fully available to all children as a refundable credit. Doing so would provide the biggest boost to the poorest families, by simply providing them the same amount that more well-off families already receive. We should also increase the credit amount for kids under 6 years of age, to provide additional support to children and families at a time in life that is critical for cognitive development.&nbsp;&nbsp;&nbsp;<span class=\"apple-converted-space\">&nbsp;<\/span><\/span><\/i><u1_p><\/u1_p><o_p><\/o_p><\/p>\n<p class=\"MsoNormal\"><i><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif\">We must respond to this unprecedented challenge with policies that provide support to the workers and families who will be hit the hardest and affected the longest by this crisis. Doing so also serves as effective economic stimulus, delivering efficient results to American taxpayers. Our Working Families Tax Relief Act, legislation that we are all sponsoring this Congress, provides the model for making these critical improvements to the EITC and CTC. Working families are depending on us to meet this extraordinary moment by providing them with the support they need to weather the ongoing economic effects of COVID-19 in the years to come. We must deliver for them.&nbsp;&nbsp;&nbsp;<\/span><\/i><u1_p><\/u1_p><o_p><\/o_p><\/p>\n<p class=\"MsoNormal\"><i><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif\">Sincerely,<\/span><\/i><u1_p><\/u1_p><o_p><\/o_p><\/p>\n<p class=\"MsoNormal text-align-center\"><span style=\"font-size:14.0pt;font-family:&quot;Times New Roman&quot;,serif;color:black\">###<\/span><u1_p><\/u1_p><o_p><\/o_p><\/p>","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, D.C.&nbsp;\u2013&nbsp;U.S. Senators Jacky&nbsp;Rosen&nbsp;(D-NV) and Catherine&nbsp;Cortez&nbsp;Masto&nbsp;(D-NV) joined&nbsp;Senators Michael Bennet (D-CO),&nbsp;Sherrod Brown (D-OH), Dick Durbin (D-IL), Ron Wyden (D-OR), and Senate colleagues in a letter&nbsp;to Senate leaders calling for a temporary expansion of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) in the next Coronavirus Disease 2019 (COVID-19) economic relief package. As [&hellip;]<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[31],"class_list":["post-1173","post","type-post","status-publish","format-standard","hentry","category-press_release","tag-covid-19"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rosen, Cortez Masto, Colleagues Call for Expansion of Earned Income Tax Credit, Child Tax Credit - Jacky Rosen<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rosen.senate.gov\/es\/2020\/05\/07\/rosen-cortez-masto-colleagues-call-for-expansion-of-earned-income-tax-credit-child-tax-credit\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rosen, Cortez Masto, Colleagues Call for Expansion of Earned Income Tax Credit, Child Tax Credit - Jacky Rosen\" \/>\n<meta property=\"og:description\" content=\"WASHINGTON, D.C.&nbsp;\u2013&nbsp;U.S. Senators Jacky&nbsp;Rosen&nbsp;(D-NV) and Catherine&nbsp;Cortez&nbsp;Masto&nbsp;(D-NV) joined&nbsp;Senators Michael Bennet (D-CO),&nbsp;Sherrod Brown (D-OH), Dick Durbin (D-IL), Ron Wyden (D-OR), and Senate colleagues in a letter&nbsp;to Senate leaders calling for a temporary expansion of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) in the next Coronavirus Disease 2019 (COVID-19) economic relief package. 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