Congress should approve President’s proposal to strengthen the Earned Income Tax Credit
Posted March 05, 2014 in Press Releases
For immediate releaseContact Zach Schiller, 216.361.9801Download statement (2 pp)
The President’s proposed budget for fiscal year 2015 includes several important improvements to the pro-work Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) that, taken together, will reduce poverty among low-wage workers and their families, reduce income inequality, strengthen work incentives and send federal dollars to local communities. Congress should approve these proposals.
Expanding the now-tiny EITC for working childless adults and non-custodial parents (“childless workers”), an idea that has support across the political spectrum, would help 515,000 people in Ohio.
In 2013, a childless adult working full time at the minimum wage earned too much to receive the EITC, despite paying significant federal income and payroll taxes. Partly as a result, childless workers are the sole group of workers that the federal tax system taxes into