Congress is working to pass legislation to extend a package of tax credits and social safety net programs. The House is likely to take up the bill early this week, with the Senate considering the bill soon afterward.
The bill includes an extension of unemployment benefits as well as additional funding for the Temporary Assistance for Needy Families (TANF) Emergency Fund, which assists states with programs that include employment programs for low-income workers.
Now until the August congressional recess is a critical time for decisions on tax policies. There is momentum building in Congress around the middle-class tax package, which will include the tax credits Bread is working on—the Earned Income Tax Credit and the Child Tax Credit.
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