A boost for low-income workers
Thursday, May 31st, 2007
By Chris Fitzsimon
Lucy Gorham CHAPEL HILL - In a move to build on the impressive success of the federal Earned Income Tax Credit (EITC), the state House voted to include a state EITC — aptly named the North Carolina Rewarding Work Tax Credit — in its budget bill. Unfortunately, the Senate chose to ignore this House initiative to bring much-needed relief to working families burdened by rising costs and stagnant incomes. In the upcoming budget reconciliation process, we ask that the General Assembly approve the EITC to provide greater tax fairness to an increasingly unfair state tax system.
Implemented under President Ford and expanded by Presidents Reagan, Bush Sr. and Clinton, the EITC has earned bipartisan support because of its high participation rate by eligible working families and its proven record in both encouraging work and increasing tax fairness. Reagan called the legislation "the best anti-poverty bill, the best pro-family measure, and the best job creation measure to come out of the Congress of the United States." The EITC serves two purposes. (more…)
Last 5 posts in Daily News
- Number of Tar Heels without health insurance rises - August 27th, 2008
- Tar Heels no better off in 2007 than 2000 - August 27th, 2008
- Running Out of Money, Cities Are Debating the Privatization of Public Infrastructure - August 27th, 2008
- Fate of boat-towing bill vetoed by Easley in legislators' hands - August 27th, 2008
- County may face cost of maintenance - August 26th, 2008
Email This Post
Print This Post
