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Minnesota Budget Bites

Federal Taxes

01/25/23
  • Minnesota Taxes
  • Federal Issues
  • Federal Taxes
  • Minnesota Taxes and Tax Plans
  • Minnesota Tax Credits
  • Poverty
  • Racial Equity

Child poverty declines sharply thanks to federal Child Tax Credit expansion

Winter mom boy in snow AdobeStock
Thanks in part to improvements policymakers made to the federal Child Tax Credit (CTC), recent U.S. Census data show that from 2019 to 2021, child poverty fell a remarkable 59 percent. Minnesota policymakers should build on that success and create a state Child Tax Credit.
03/28/18
  • Minnesota Taxes and Tax Plans
  • Federal Taxes
  • Minnesota Taxes
  • Minnesota Tax Credits

Families with children could pay higher taxes under tax conformity

The complex set of tax changes in the recent federal tax bill creates a set of challenging decisions for states like Min...
01/09/17
  • Minnesota Tax Credits
  • Minnesota Taxes
  • Federal Taxes
  • Racial Equity
  • Income and Work

Racial wealth gap is wide and growing larger: 228 year gap for black families, 84 year gap for Latino families

If black family wealth continues to grow at the same pace as the past three decades, it will take more than 200 years...
09/22/15
  • Minnesota Taxes
  • Minnesota Budget
  • Federal Taxes
  • Federal Issues
  • Federal Budget

Let’s make sure successful tax credits reach all struggling workers

Only one group of American workers is pushed deeper into poverty by the federal tax code: 7 million childless workers, i...