H&R Block at the Congressional Hispanic Caucus Institute Annual Conference: “Taxes: The Tax Code – Bridging or Broadening the Wealth Gap”
H&R Block Chief Government Relations Officer Marie van Luling spoke at the Congressional Hispanic Caucus Institute’s Hispanic Heritage Month event “Taxes: The Tax Code – Bridging or Broadening the Wealth Gap” hosted by Congressman Xavier Becerra on September 14, 2016. The event addressed the growing wealth gap and the role the tax code plays in addressing income inequality faced by Latinos. Panelists, including van Luling, explored U.S. tax laws with a focus on tax expenditures, including but not limited to the Earned Income Tax Credit (EITC), Refundable Child Tax Credit and tax credits for homeowners.
Other panelists included Ellen Nissenbaum, senior vice president of government affairs at the Center on Budget and Policy Priorities, and Samantha Vargas Poppe, associate director of the Policy Analysis Center at the National Council of La Raza. They discussed how changes to the tax code and increased awareness of available credits could lessen the poverty gap for Latinos.
After each panelist gave their remarks, they were asked about policy recommendations on improving the tax code for working families and how to better engage Latino leaders, voters and stakeholders.
Van Luling highlighted that H&R Block is working toward reducing complexity in the tax code for filers, noting that 15 percent of H&R Block’s 10,000 offices are currently engaged in Latino-focused communities. When asked about what teachers can do to their educate their communities, van Luling noted that H&R Block’s Budget Challenge helps students learn how to manage their money by increasing financial literacy that could help close the gap. Congressman Becerra asked each panelist for concluding remarks and van Luling emphasized that “we can have the best policies and the right answers but it takes a lot of people, energy and engagement to make changes to the tax code.”
There are many variables in the tax reform law that make it difficult for taxpayers to know how everything will come out in the end. Use our tax reform calculator to find out how it affects you.
Learn more about the latest guidance and regulations on the updated 20% deduction that tax reform gives some business owners and independent contractors.
The new tax bracket and tax rate structure will impact most taxpayers. Homeowners, high-tax state residents and families face most significant changes
Learn about the tax reform limit to state and local tax deductions. H&R Block gives taxpayers options to maximize tax savings despite the new limitation.