Dear John,
In case you missed it...this week the Voices for Human Needs blog explains why a stronger IRS will help American families. And we look at a proposed consumer protection agency's rule on access to financial data and what it might mean for families with low incomes. Finally, we offer up a snapshot of what inequality in our country looks like as we head into 2023. Please share!
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This week on the blog...
A stronger IRS helps make our tax system fairer for families
January 18
As tax filing season begins, you may be wondering about recent efforts to strip the IRS of billions of dollars of funding. Last week, House Republicans voted to rescind the $80 billion in new IRS funding included in the Inflation Reduction Act of 2022. While this cut will not ultimately be enacted (the Democratically-controlled Senate will not pass the bill and President Biden has indicated he would veto it), it brings attention to the critical need for more – not reduced – IRS funding. READ MORE »
Why new consumer protection agency rule must include EBT account holders
January 19
It began, in part and strangely enough, with a banana. Entrepreneur Jimmy Chen hoped to develop software that would make it easier for people with low incomes to apply for SNAP benefits. While conducting research and interviews and studying how poor people shop, he noticed people buying one very cheap item – often a banana – so that they could find out their Electronic Benefits Transfer (EBT) balance, which was printed on their receipt. READ MORE »
America's inequality problem in one statistic
January 20
If you work for a big corporation, there’s a very good chance your boss has already raked in more cash than you will all year. If the typical CEO of a large U.S. corporation clocked in at 9 am on January 2, by 3:37 pm that afternoon he’d made $58,260 — the average annual salary for all U.S. occupations. In less than seven hours on the first workday of the year, that CEO made as much as the average U.S. worker will make all year long. READ MORE »
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