As Californians are often reminded, the state is the fifth largest economy in the world and is currently enjoying a recovery from the Great Recession. However, with one of the highest child poverty rates in the country, California’s good fortune is not widely enjoyed. Under the Supplemental Poverty Measure, which accounts for the high cost of living in many parts of California, more than 2 million (22.4%) children live below the poverty threshold, while just under 550,000 (6.0%) live in deep poverty (half the poverty threshold). » Read more about: We Can End Deep Child Poverty in California »
Search Results for: EITC
Blog
Task Force Aims to Address California’s High Child Poverty Rate — but Policymakers Can Also Act Now
More than 1 in 5 children in California live in poverty, when accounting for the high cost of living in many parts of the state. This high child poverty rate deserves attention from state policymakers. In fact, a state task force — the Lifting Children and Families Out of Poverty Task Force, established last year by Assembly Bill 1520 (Burke) — is examining the problem of child poverty in California and will develop recommendations to guide state policymakers in addressing this challenge. » Read more about: Task Force Aims to Address California’s High Child Poverty Rate — but Policymakers Can Also Act Now »
Report
First Look: Budget Center Analysis of the 2018 May Revision
This “first look” analysis examines Governor Brown’s revised state budget proposal for 2018-19, the state fiscal year beginning on July 1, 2018.
Blog
Tax Day 2018 Is a Chance to Consider How the California and Federal Paths Differ
With today being Tax Day — the deadline for filing personal income taxes — it’s a natural opportunity to reflect on what the federal tax bill enacted late last year, the Tax Cuts and Jobs Act (TCJA), means for California. It’s also a chance to highlight the divergent paths pursued by California and by our federal policymakers, and what this says about future choices our state could make.
We often point out that tax policy choices are not only a means to an end, » Read more about: Tax Day 2018 Is a Chance to Consider How the California and Federal Paths Differ »
Assembly Budget Subcommittee No. 4 on State Administration
Senior Policy Analyst Alissa Anderson provided invited testimony as part of a panel that discussed the California Earned Income Tax Credit (CalEITC).
Building Assets Conference: The Future without Poverty Includes Building Assets Today
For LISC Los Angeles’ Building Assets Conference, Executive Director Chris Hoene presented “California Already Has a Basic Income Policy – The EITC” on the panel discussion “Expanding Opportunity: Universal Basic Income & the Earned Income Tax Credit.”
Report
First Look: Budget Proposal Prioritizes Savings Amid Economic Uncertainties
This “first look” analysis examines Governor Brown’s proposed state budget for 2018-19, the state fiscal year beginning on July 1, 2018.
Impact 2017: Building Power, Advancing Equity
For the Center on Budget and Policy Priorities’ annual state policy conference, Budget Center staff presented on the Earned Income Tax Credit (EITC), intersectionality in race, gender, and economic security, and why to prioritize public investments over tax cuts.
Blog
Better Poverty Measure Shows Economic Hardship Is More Widespread in Certain Parts of California
The official poverty measure published annually by the US Census Bureau does a poor job of capturing the true extent of economic hardship in California. This is because it doesn’t account for the high cost of housing in many parts of the state, and it doesn’t factor in many of the non-cash public supports (such as CalFresh food assistance) and post-tax supports (like the Earned Income Tax Credit (EITC)) that families use to meet basic needs. » Read more about: Better Poverty Measure Shows Economic Hardship Is More Widespread in Certain Parts of California »
Press Release
Many California Families Struggle to Afford a Basic Household Budget, Which Averages Nearly $76,000 a Year for a Family of Four With Two Working Parents
SACRAMENTO — Despite strong economic growth and declining unemployment in California in recent years, many households across the state still face significant challenges in affording basic expenses, according to a new report from the California Budget & Policy Center.
At the same time, the report underscores the important role that key public supports play in helping families afford the basics and highlights the importance of increasing these types of supports, even as federal policymakers are on the verge of passing tax and budget policies that would significantly scale them back. » Read more about: Many California Families Struggle to Afford a Basic Household Budget, Which Averages Nearly $76,000 a Year for a Family of Four With Two Working Parents »