tax policy
As child poverty doubles, states launch or expand their own tax credits
The federal pandemic-era child tax credit expansion lifted millions of children out of poverty in the second half of 2021. But Congress allowed it to expire at the end of that year, and new U.S. census data shows the child poverty rate more than doubled in 2022, erasing the record gains that were made. “It […]
Arkansas Gov. Asa Hutchinson, nearing the end of his term, reflects on eight years in office
As Arkansas Gov. Asa Hutchinson looks back on his eight years in office, what he’s most proud of might surprise you. Sure, he takes pride in shepherding through the largest income tax cuts in state history, but that’s not the first thing he mentioned in a wide-ranging interview about his administration. “Whenever you look at […]
Child tax credit expansion left out of congressional omnibus package
WASHINGTON — Any last hopes of resurrecting the expanded child tax credit as part of Congress’ massive spending package were dashed early Tuesday when the 4,155-page bill was released without a mention of the tax benefit. The temporary expanded child tax credit, part of a COVID-19 relief deal in 2021, allowed more low-income families, including […]