The first major state-EITC proposal to cross a legislative finish line in 2013 is a huge disappointment, threatening tougher times for working families in North Carolina.
Governor McCrory now has signed into law a measure cutting the value of his state’s Earned Income Tax Credit by 10 percent for one year and allowing it to expire entirely after that. About 900,000 low- and moderate-income households face tax increases as a result. Read the rest of this entry
NCTC would like to help its affiliates replicate the kind of state-level success story that materialized last week in Illinois, where a new law was signed to increase the state Earned Income Tax Credit.
NCTC assisted the Center for Economic Progress – our Illinois affiliate – in providing some of the technical assistance necessary to achieve this victory for about 1 million low- and moderate-income, working families. Together, NCTC and CEP provided state leaders with such expertise as projections for various credit-increase scenarios. We also worked with fellow EITC coalition advocates to craft messages and pull-together compelling, national research that helped convince legislators of the need for this important step forward. Read the rest of this entry
This week, NCTC was able to help our Illinois affiliate – the Center for Economic Progress – make an important plug for increasing that state’s Earned Income Tax Credit.
Illinois lawmakers are considering a package of tax-relief measures for businesses that have raised concerns about the effects of a state income tax increase approved last January. Governor Pat Quinn has insisted that any such package include a long-overdue boost in the Illinois EITC, which – set at 5 percent of the federal credit – now is tied for the nation’s second-smallest such state credit. Read the rest of this entry