For Immediate Release: October 14, 2021Contact: Renee Alves, 304-720-8682 Charleston, WV – The American Rescue Plan has been providing families with monthly installments of the Child Tax Credit since July, but the expanded program will expire on December 31 unless Congress acts to extend it. Families with children receive $300 for each child under age 6 and…
Tax and Budget
WOAY - A part of the American Rescue Plan, the expanded Child Tax Credit (CTC) program is a central source in helping with the effects of food hardship to financial instability, acting as a financial relief for working families across the country. Watch the full segment. According to the West Virginia Center on Budget and…
The city of Huntington voted earlier this month to eliminate the city's Business and Occupation (B&O) tax for restaurants and retailers, which is expected to result in an annual revenue loss of $2 million. The city is hopeful that the revenue loss will be offset by increased local sales tax revenue. However, this is a…
New Republic - The expanded child tax credit has been enthusiastically embraced by most Democrats as an easily promotable example of a social policy that aids families in tangible ways. On the surface, the policy would appear to be one of the few things Democrats across the ideological spectrum might agree on as they undertake the messy…
The combination of tax changes in the Build Back Better bill recently approved by the House Ways and Means Committee would result in a tax cut for the average taxpayer in all income groups except the wealthiest 5 percent in West Virginia, according to a new report from the Institute on Taxation and Economic Policy.…
WVNS - The pandemic changed life for millions of Americans across the nation. Utility and food bills increased with more time spent at home, causing more financial stress for millions of families. Here in the Mountain State, one woman said Congressional action made a huge difference. Read the full article. “Ask them how much a…
WTRF - COVID-19 has taken a toll on many families. But, families who were just barely getting by are getting a boost, with the help of the expanded Child Tax Credit Program. Read the full article. Like other families, Jenny Showalter, who lives in Wheeling, knows the impact of the expanded Child Tax Credit program.…
For Immediate Release: September 14, 2021Contact: Renee Alves, 559-916-5939 Charleston, WV – In March of 2021, the American Rescue Plan Act made significant but temporary changes to the Child Tax Credit (CTC). In addition to increasing the value of the CTC and including more families in this critical support, ARPA included the flexibility for eligible families to…
Business Insider - Sen. Joe Manchin of West Virginia dug in on pushing a new requirement that parents work in order to receive the child tax credit on Tuesday as Democrats struggled to get the $3.5 trillion social spending plan over the finish line. Read the full article. "They know I feel very strongly about…
Business Insider - West Virginia Sen. Joe Manchin on Sunday floated the possibility of establishing a work requirement for people to receive the child tax credit, a program that was expanded earlier this year by President Joe Biden and Democrats in the stimulus law. Read the full article. "I support child tax credits. I sure…