Tax Reform

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  • HuffPost: Joe Manchin Thinks Parents Should Have To Work For Child Tax Credit
    Posted in In the News on September 13, 2021 | Preview rr
    Tags: Jobs and the Economy, Tax Reform, Budget and Fiscal Responsibility

    Sen. Joe Manchin (D-W.Va.) suggested Sunday that he’s fundamentally opposed to a key part of the Democratic agenda: monthly benefits for parents. Since July, the federal government has been sending most parents monthly cash payments, a revolutionary policy that could slash child poverty ― but the payments will stop after December if Congress doesn’t pass a new law to keep them going. Manchin voted for the American Rescue Plan, which started the payments, but is now evidently having second thoug... Read more

  • Everett Herald Editorial: Efforts for affordable housing need our support
    Posted in In the News on September 5, 2021 | Preview rr
    Tags: Tax Reform, Housing

    One groundbreaking can look pretty similar to another as it marks the start of a construction project: There are public officials giving speeches, donning hard hats and grabbing shovels to toss some dirt. It’s the stories of individuals, however, those who have been aided by similar projects, that make the case for attention to the start of such work. Among the speakers Monday at the groundbreaking for Housing Hope’s latest project — Twin Lakes Landing II, with 60 units of two- and three-bedroom... Read more

  • Congressional CTC Champions Celebrate First Payments, Call for Permanent Expansion
    Posted in Press Releases on July 15, 2021 | Preview rr
    Tags: Tax Reform

    Today, Representatives Suzan DelBene (WA-01), Rosa DeLauro (CT-03), and Ritchie Torres (NY-15), and Senators Michael Bennet (CO), Sherrod Brown (OH), and Cory Booker (NJ) released the following statement on the delivery of the first Child Tax Credit payments. “Today is a historic day for American families. With the delivery of the first round of expanded Child Tax Credit payments, help is here for parents that have been struggling to make ends meet during this pandemic. The expanded credit will ... Read more

  • Families, Help is Here
    Posted in eNewsletters on July 15, 2021 | Preview rr
    Tags: Tax Reform

    Dear friend, Help is here for millions of families starting today. Thanks to the historic expansion of the Child Tax Credit that I championed in the American Rescue Plan, monthly checks of up to $300 per child will begin reaching parents today and continue through this December. If you have children, chances are high that you qualify for these monthly payments. The expanded Child Tax Credit is expected to reach 39 million households, benefiting nearly 90% of all American children. Most families... Read more

  • Vox: Biden’s biggest anti-poverty plan is now a reality. Here’s how he can make it even better.
    Posted in In the News on July 15, 2021 | Preview rr
    Tags: Tax Reform

    Thursday, July 15, 2021, could wind up being one of the most important days in the history of American anti-poverty policy. On this day, most parents in the United States began receiving monthly checks of up to $300 per child — no strings attached. What’s technically happening: The child tax credit (CTC), a policy that has existed in some form since 1997, was expanded with the enactment of President Joe Biden’s American Rescue Plan, both in its size (going from $2,000 per child per year to $3,00... Read more

  • Seattle Times: When families do well, America succeeds: Make expanded Child Tax Credit a permanent benefit
    Posted in In the News on July 13, 2021 | Preview rr
    Tags: Tax Reform

    Thursday will be a historic day for American families as we recover from this pandemic. Parents will start receiving monthly payments of up to $300 per child thanks to the expansion of the Child Tax Credit. I know taxes and tax credits can be confusing, but what the Child Tax Credit really is in this situation is cash. Cash that you can use to help raise your family whether that means paying your rent in our expensive housing market, buying healthy food to put on the table, or even something as ... Read more

  • KIRO: Pressure mounts for more low-income housing tax credits
    Posted in In the News on July 6, 2021 | Preview rr
    Tags: Tax Reform, Housing

    With nearly 70,000 new low-income housing units at stake, local leaders are asking Congress for a big boost in the new national infrastructure plan. One example is the 80 new apartments under construction by the Chief Seattle Club at 2nd and Yesler in Seattle. The focus will be on Native Americans who need housing to get off the streets. Not so long ago they included Jolene Neiss. "It was hard do to winter, it would be like so cold cause it was wet cold,” she said. Nearly half the cost of constr... Read more

  • DelBene, DeLauro, Torres Secure $13.6 Billion in Child Tax Credit Funding and Report Language in FY 2022 Financial Services and General Government Spending Bill
    Posted in Press Releases on June 29, 2021 | Preview rr
    Tags: Tax Reform, Budget and Fiscal Responsibility

    Today, the House Appropriations Committee passed the fiscal year 2022 Financial Services and General Government funding bill. In this spending bill, Representatives Suzan DelBene (WA-01), Rosa DeLauro (CT-03), and Ritchie Torres (NY-15) secured $13.6 billion for the Internal Revenue Service (IRS), an increase of $1.7 billion above the FY 2021 enacted level. This increase in funding will be used to help cover the costs associated with the implementation of the expanded and improved Child Tax Cre... Read more

  • Bloomberg Tax: Lawmakers Eye Tax Credit in Bipartisan Affordable Housing Bill
    Posted in In the News on June 26, 2021 | Preview rr
    Tags: Tax Reform, Housing

    A bipartisan group of lawmakers is proposing to boost U.S. affordable housing by 2 million units over the next decade by expanding a key tax credit as part of President Joe Biden’s agenda on jobs and the economy. The Affordable Housing Improvement Act of 2021, spearheaded by Representatives Suzan DelBene and Jackie Walorski, would permanently increase tax-credit allocations to states, allow states to fund more projects by easing bond-funding requirements and expand subsidies for underserved com... Read more

  • Seattle Times: Expanded child tax credit to reach 1.4 million Washington children, Rep. DelBene says
    Posted in In the News on June 21, 2021 | Preview rr
    Tags: Tax Reform

    Starting next month, most families with children in Washington state can expect to begin receiving up to $300 in monthly payments as part of the new expanded child tax credit. Tucked into the federal government’s COVID-19 aid package known as the American Rescue Plan, the expanded credit is a key part of what some consider a breakthrough anti-poverty initiative. But in order for it to be successful, federal officials say they must make sure eligible families who need it most actually get the mon... Read more