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Reducing Poverty for Children and Supporting Low-Wage Workers with Smart Tax Policy - Shared screen with speaker view
Carla Campbell
13:32
Carla Campbell from Philadelphia
Bob and Barb Sample
13:33
Bob and Barb Sample, Domestic group, Aurora CO
Soph Abrahamsen (they/them)
13:40
Soph from the DC area!
Keerthana Samanthapudi
13:48
Keerthi from Pittsburgh!
Alina Acosta (she/her)
13:52
Alina from Denver!
Michael Santos, RESULTS (he/him/his)
14:03
Just want to remind everyone about our anti-oppression statement and resources: https://results.org/our-anti-oppression-values/
Dorothy, RESULTS (she/her)
14:04
Dorothy joining from DC!
Wilma Solomon
14:04
Princeton NJ--Unceded land of the Lenni Lenape
Michael Santos, RESULTS (he/him/his)
14:11
Michael Santos here in DC
Kimball Halsey
14:25
Cynthia Tschampl from Concord, MA
Jamaica Brickhouse
14:29
Jamaica Brickhouse from Wilmington,DE
Nancy Morgan
14:33
Nancy Morgan, Virginia
David Tate
14:37
David Tate from Arlington, VA
Lanie Dougherty (they/them/theirs)
14:39
Lanie Dougherty in Denver, CO!
Beth Prevo/SW WA/she-hers
15:20
Greetings from Lakewood WA!
Michael Santos, RESULTS (he/him/his)
15:29
Agenda and info about speakers here: https://results.org/conference/agenda/
Meredith Dodson, RESULTS (she/her)
18:47
Welcome to those just joining us! Feel free to introduce yourself name/city/pronouns in the chat... and you can use this to ask ?s for the end of this session
Michael Santos, RESULTS (he/him/his)
19:23
This presentation should be available on our website, on the resource page
Meredith Dodson, RESULTS (she/her)
19:26
- Meredith Dodson (she/her), DC
Bruce Davidson
20:02
Bruce/Buffalo(he/him)
Judy Arbogast
20:09
Judy Arbogast, Olalla, WA (she/her)
Beth Wilson
24:35
Beth Wilson, Olalla, WA (she/her)
Cynthia Tschampl (she/her), MA
25:09
Yay, Iowa!!!
Kathleen Duncan
25:29
Kathleen Duncan, RESULTS Houston
Roger Hudson
26:46
Roger Hudson, Anchorage, AK, he/him
Michael Santos, RESULTS (he/him/his)
27:34
Feel free to put your questions on the chat and the panel will try to answer them.
Dilani Logan
27:44
Dilani Logan, RESULTS Silicon Valley, she/her
Cynthia Tschampl (she/her), MA
28:12
Question for Elaine: What is the total value of the massive tax cut under the Trump Administration? (I thought I had read an early estimate from TPC that it was worth $6 Trillion over 10 years, with $1T added to deficit, later estimated at $1.9T added to deficit by OMB. Ever after on NPR I only hear the $1.9T value. I want to get those numbers correct because it shows just how much potential revenue is out there for our funding requests. Thanks!)
Katherine Yabut (she/her), Phoenix
28:16
Katherine Yabut, RESULTS Phoenix, AZ, she/her
Randolph Splitter
29:39
Cutting child poverty in half is great. What would it take to end all child poverty? And adult poverty?
Katy Sullivan
30:21
we cant hear you anymore sorry ~
Meredith Dodson, RESULTS (she/her)
30:40
I can hear Jamy -- maybe reconnect your audio?
Dilani Logan
32:00
I’m a fellow Canadian :)
Dilani Logan
32:12
(Now in the US though)
Katy Sullivan
32:19
good now thank you~
Dorothy, RESULTS (she/her)
32:23
https://www.niskanencenter.org/policy/poverty/
Keerthana Samanthapudi
33:06
A question for any of the panelists - what is the additional cost to the government of making the expansions to CTC and EITC permanent? Can we compare that cost with the benefits associated with cutting child poverty, helping young adults through college, etc?
Randolph Splitter
38:36
Good points, Samuel. I wonder how they are conservative.
Lisa Peters
42:41
The Stockton cash benefit experiment also showed increased employment: https://www.npr.org/2021/03/23/980234484/examing-the-stockton-income-experiment
Martha Karnopp
43:41
How do you respond when someone calls it solcialism?
Elaine Maag (she/her) Urban Institute
43:54
Great point, Lisa!
Bob and Barb Sample
47:30
What does "refundable" mean?
Lisa Peters
48:00
That means you get the benefit even if you do not owe taxes (due to low income)
Lisa Peters
48:54
Non-refundable tax credits only help those who owe taxes, who tend to be middle to higher income.
Meredith Dodson, RESULTS (she/her)
49:09
Adding to Lisa's response, the IRS sends a check/direct deposits (if they know how to reach you... per Elaine's point earlier) if the amount exceeds your federal income tax liability
Bob and Barb Sample
50:18
Most low income people pay no income taxes so how do they get a refund?
Martha Karnopp
51:08
How is the refundable credit calculated if it is based in income you don't earn? Also, how will the monthly ss? payments be delivered? By mailed checks--how does it reach those who are evicted and/or homeless. If by check, what if the recipient doesn't have access to a bank?
Elaine Maag (she/her) Urban Institute
51:42
Bob and Barb - they fill out a tax return, reporting their income and how many children they have. Although they will calculate their taxes owed are "$0", they may be eligible for the earned income tax credit or the child tax credit. if they are, the IRS will send them a refund, just like if they had had too much tax withheld from their paychecks.
Michael Santos, RESULTS (he/him/his)
51:52
Some additional resources from Amy Matsui's presentation: https://nwlc.org/wp-content/uploads/2021/06/May-Jobs-Day-Final_2.pdfhttps://nwlc.org/wp-content/uploads/2021/04/PulseWeek26FS-1.pdfhttps://nwlc.org/wp-content/uploads/2020/05/final_NWLC_Frontlines_FactSheet-002.pdfhttps://nwlc-ciw49tixgw5lbab.stackpathdns.com/wp-content/uploads/2020/04/Women-in-Low-Paid-Jobs-report_pp04-FINAL-4.2.pdfhttps://www.cbpp.org/research/federal-tax/women-of-color-especially-benefit-from-working-family-tax-creditshttps://nwlc.org/resources/permanently-expanded-refundable-tax-credits-will-support-an-equitable-economic-recovery/
Elaine Maag (she/her) Urban Institute
52:23
For the new CTC - for those people who received their last refund via direct deposit, they should receive the CTC via direct deposit as well. If they received their tax refund as a paper check, they should receive their CTC as a paper check or a debit card.
Elaine Maag (she/her) Urban Institute
52:47
The IRS has started mailing letters to individuals who appear eligible for the CTC. That letter will let them know how much their payment should be.
Elsbeth Brown (she/her) Philadelphia RESULTS / Partners In Health
53:22
Sorry- would you please repeat the statistic re: number of women out of the workplace as of May?
Elaine Maag (she/her) Urban Institute
53:22
If a person has not filed a tax return - they will need to go to the IRS website in order to enter their information so the IRS can send a payment - either via direct deposit (if bank information is given) or via a paper check or debit card.
Meredith Dodson, RESULTS (she/her)
54:58
in our tax leave behind: Congress should also restore Child Tax Credit eligibility to children with Individual Tax Identification Numbers.
Amy Matsui (she/her) NWLC
55:24
Nearly 1.8 million women have dropped out of the workforce since March 2020.
Samuel Hammond
55:55
https://www.niskanencenter.org/a-child-allowance-could-be-worth-eight-times-the-costs/
Meredith Dodson, RESULTS (she/her)
57:03
for example: Columbia University researchers say making the CTC permanent would generate about $800 billion in benefits to society: https://www.povertycenter.columbia.edu/news-internal/2021/child-allowance/cost-benefit-analysis
Lisa Peters
59:02
I'm holding up one recipient of the CTC - my one yr old Amelia!
Meredith Dodson, RESULTS (she/her)
01:00:34
Thanks everyone for your great questions!
LaShon Sincerea
01:01:08
anybody seen yvonne wyborny?????
Sheah Ableman
01:02:01
Thank you Amy, is there a link to the 2017 tax credit and the tax credit was taken away from how many children?
Jim Driggers
01:02:18
EITC and CTC promote capitalism because then increase consumers ability to pay for products and services and thus create more demand which increases income for business.