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Utah saw the highest percent growth in personal income from 2016 to 2021, according to the Utah Foundation.
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The Utah Legislature is also considering extending child tax credits up to the age of six.
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On Friday the U.S. House of Representatives Ways and Means Committee was joined by United State Secretary of the Treasury Janet Yellen. Utah Rep. Blake Moore was among the committee members who questioned Secretary Yellen.
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The program is geared toward people with low to moderate incomes and can help people of any age.
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Utah families and advocates are calling on Congress to push for an extension of the Child Tax Credit which expired last year. With high costs of living and economic uncertainty, some believe the Child Tax Credit is needed now more than ever.
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In September, Idaho state lawmakers approved a program that sent $300 to individuals and $600 to joint tax filers in order to spend down the state's record budget surplus.
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When families began receiving expanded Child Tax Credit payments during the pandemic, the extra family income lifted almost 4 million children out of poverty. But when the payments stopped, child poverty increased by more than 40%.
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Utah families with minor children will soon receive the first monthly payment from the IRS for the boosted child tax credit. Congress raised the child tax…
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On Thursday night, Governor Spencer Cox delivered his first State of the State address from the capitol building. “Truly every single citizen of this…
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Utah state legislators are preparing their committee budgets for the next fiscal year with an eye on cuts to accommodate the effects of Covid 19 on our…