On June 14, 2023, the Committee on Finance held a hearing, “Anti-Poverty and Family Support Provisions in the Tax Code,” to discuss tax policies that support children and families. Chairman Ron Wyden (D-OR) gave an opening statement calling for the expansion of the 2021 Child Tax Credit (CTC) and Earned Income Tax Credit (EITC) through
On June 13, 2023, Prosperity Now held an event for Children’s Week to address unequal wealth distribution and build financial security opportunities for future generations. The Director of Policy explained that baby bonds are one of many solutions to create opportunities for those who face the brunt of the wealth gap. The Vice President of
On June 13, 2023, the House Committee on Education and the Workforce held a hearing titled “Examining the Policies and Priorities of the Department of Health and Human Services.” Committee members asked Secretary Becerra of the Department of Health and Human Services questions about children’s health-related to gender-affirming care and unaccompanied children at the border.
In recognition of World Day Against Child Labor, on June 12, 2023, the Department of Labor’s Bureau of International Labor Affairs (ILAB) and the Wage and Hour Division hosted, “Within and Beyond Our Borders: Collective Action to Address Child Labor,” which discussed the power of different actors in the lives of children victimized. Panelists included
On June 16, 2023, First Focus on Child held a webinar, “Keep Up the Fight to Improve the Tax Code for Kids,” to discuss the importance of restoring the improvements of the Child Tax Credit and Earned Income Tax Credit. Senator Brown (D-OH) explains the importance of the Child Tax Credit in his career and
On June 7, 2023, Representatives Rosa DeLauro (D- CT), Suzan DelBene (D-WA), and Ritchie Torres (D-NY), reintroduced the American Family Act, legislation that would make permanent the expanded and improved monthly Child Tax Credit. The CTC was expanded as part of the American Rescue Plan Act, COVID-19 response legislation to help working families. The expansion
On Saturday, June 3rd, President Biden signed the debt limit bill, titled the Fiscal Responsibility Act, into law, one week after he and Speaker of the House Kevin McCarthy (R-CA) had struck a deal on the details of the legislation and just ahead of the June 5th deadline. As reported last week, the bill raises
News broke on Saturday, May 27, 2023, that President Biden and Speaker McCarthy (R-CA) had reached an agreement on the key provisions of a bill to raise the debt ceiling until after the 2024 election. Both the White House and the Speaker of the House released talking points and statements about the agreement, and bill
On Thursday, May 25, 2023, Representative Danny K. Davis (D-IL) joined with Representative Blake Moore (R-UT) to introduce the bipartisan H.R. 3662, Adoption Tax Credit Refundability Act of 2023. The legislation would make the current Adoption Tax Credit fully refundable, removing income as a barrier to adoption. Representative Gwen Moore (D-WI), Representative Randy Feenstra (R-IA),
As of this weekend no deal has been reached on raising the debt ceiling, despite promising reports earlier in the week that negotiations were going well. Speaker of the House Kevin McCarthy (R-CA) and President Biden met on Tuesday to continue discussions, and top negotiators for each of them continued meeting throughout the week. On