by Joan McCarter
If key provisions of the Earned Income Tax Credit and Child Tax
Credit are allowed to expire in 2017, this is what could happen,
according to the
Center on Budget and Policy Priorities:
As many as 19 million low-wage workers could lose what's been called
"one of the most successful labor market innovations in U.S. history."
The income these credits bring "leads to better maternal and infant
health, improved school performance, higher college enrollment, and
increased work effort and earnings in adulthood." That's a lot of bang
for some federal bucks.
But key provisions are expiring in 2017, and Senate Republicans have already
staked out ground
suggesting they'll be ready to gut them. At H&R Block's behest,
they've put policy riders into a key spending bill that would make
filing for these tax credits difficult and expensive. Because that's
what Republicans do.
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