Federal tax credits for working families need to be protected and strengthened as part of tax reform efforts
April 4, 2013 |
April 10, 2013. With policymakers in Washington calling for federal tax reform, the Fiscal Policy Institute said it is essential that members of Congress consider the beneficial long-term impacts of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) as well as these credits’ short-run benefits. In emphasizing the importance of making the current temporary enhancements of these credits permanent, FPI pointed to a new report from the Center on Budget and Policy Priorities that pulls together and examines the body of research available on the impacts of the EITC and similar income-boosting measures with a particular emphasis on recent research that shows that the EITC’s benefits for children extend into adulthood. Press Release>>>
Federal tax credits for working families need to be protected and strengthened as part of tax reform efforts
April 4, 2013 |
April 10, 2013. With policymakers in Washington calling for federal tax reform, the Fiscal Policy Institute said it is essential that members of Congress consider the beneficial long-term impacts of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) as well as these credits’ short-run benefits. In emphasizing the importance of making the current temporary enhancements of these credits permanent, FPI pointed to a new report from the Center on Budget and Policy Priorities that pulls together and examines the body of research available on the impacts of the EITC and similar income-boosting measures with a particular emphasis on recent research that shows that the EITC’s benefits for children extend into adulthood. Press Release>>>