On April 11th, 2024, the House Committee on Ways and Means held a hearing entitled “Expanding on the Success of the 2017 Tax Relief to Help Hardworking Americans,” with the intent to discuss the impacts of the Tax Cuts and Jobs Act (TCJA), enacted by former President Donald Trump, and consider upcoming 2025 tax policy.
On Saturday, March 23, 2024, President Biden signed the final six appropriations bills into law, bringing the drawn-out FY 2024 appropriations process to a close at last. Although government funding ran out at midnight on Friday March 22, because it was a weekend and the bill was signed quickly, the impact of the brief government
The Institution for Research on Poverty hosted a webinar on Wednesday, March 20, 2024 entitled “Interrupting Intergenerational Poverty: New Research And Recommendations For Policy and Practice”. The panelists included Greg Ducan from University of California, Irvine, Mary E. Pattillo from Northwestern University, Michael R. Strain from American Enterprise Institute, and Rita Hamad from Harvard School
The Tax Relief for American Families and Workers Act, the tax bill that includes a small but significant expansion to the child tax credit, continues to be stalled in the Senate after passing the House in a 357-72 vote, a major win in a Congress that has not been marked by bipartisan agreement and has
The House and Senate will return from their Presidents’ Day recess this week without an agreement on the four funding bills that expire on March 1st, 2024, the end of this week. As previously reported, the House and Senate leadership were able to agree on topline numbers for the total FY 2024 budget that closely
On January 31, 2024, the House of Representatives passed the Tax Relief for American Families and Workers Act, the bipartisan tax package that includes an expansion of the Child Tax Credit (CTC), in an overwhelmingly bipartisan 357-70 vote. The bill, which would help about 16 million children in families with low incomes in the first
On January 31, 2024, the Senate Budget Committee held a hearing entitled, “A Blueprint for Prosperity: Expanding Housing Affordability.” It was generally agreed that to address the current housing crisis, the root causes must be identified. Some of the primary factors posited were market failure as evidenced by high demand and low supply of housing,
On January 17, 2024, the House Ways and Means Subcommittee hosted a hearing, “Pathways to Independence: Supporting Youth Aging Out of Foster Care.” CWLA submitted comments for the record. “Nearly 20,000 young people transition from foster care to independence without the benefit of formal reunification or an alternative permanency outcome each year. We share the
On Thursday, February 1, 2024, the Food Research and Action Center (FRAC) hosted a webinar entitled Taking a Fresh Look at Summer Meals. The organization emphasized the overall importance of these nutritional programs for children, which support youth physical and mental well-being and development. Students have the opportunity to obtain nutritious meals during the summer,
Senate Finance Committee Chairman Ron Wyden (D-OR) and House Ways and Means Committee Chairman Jason Smith (R-MO) announced on Tuesday a bipartisan, bicameral tax proposal that includes improvements to the Child Tax Credit (CTC). CWLA is pleased that lawmakers have prioritized the reduction of child poverty in this tax proposal. Although the proposal is not as comprehensive as
