On the recordNovember 15, 2019
The earned income tax credit and the child tax credit are some of the most effective, bipartisan antipoverty programs to come out of Congress; yet many hardworking individuals are unable to access well-earned EITC or CTC refunds. In some cases, the U.S. Treasury has seized an individual's tax credits if they owed student loan debt. These tax credit seizures, in many cases, have pushed families into homelessness. Some have lost their homes; some have lost their cars; others can't even put food on the table for their loved ones. I am filing a bill this morning that seeks to protect these most vulnerable people from EITC and CTC seizures. It would prohibit the Secretary of the Treasury from automatically seizing an individual's EITC or CTC refund for the purpose of paying back student loan debt. This is the right thing to do. No one should have to decide between paying off their student loan debt and providing for their family. ____________________
Source
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