Discover and read the best of Twitter Threads about #earnedincometaxcredit
Most recents (3)
Predicted but no less stunning decline (9.7% to 5.2%) in child poverty (using Census Bureau's preferred alternative poverty measure) from 2020-2021 driven largely by enhanced #ChildTaxCredit, which Congress failed to extend. 
No single transfer program did more to keep children--5.3 million people overall, a majority of whom were children--out of poverty in 2021 than the enhanced #ChildTaxCredit
We achieved the lowest child poverty rate (under the Census Bureau's Supplemental Poverty Measure, which accounts for tax credits) on record, thanks largely to the #AmericanRescuePlan's now-expired enhanced #ChildTaxCredit. Congress should find a way to renew this policy ASAP.
On June 1, #Virginia’s House & Senate passed a compromise #VaBudget. It included some positive changes, like increased funding for #K12 schools, and some harmful changes, like setting up a diversion of $$ from affordable housing and new crimes related to marijuana. 🧵 (1/
Yesterday, Gov. Youngkin proposed amendments to the compromise #VaBudget. Some are technical fixes, others are positive, but some would move #Virginia backward by reinstating damaging policies, pitting communities against each other, and weakening transportation in Virginia. (2/
First, the Gov has re-proposed suspending VA's retail gas tax for 3 months. "Savings" from this policy would end up in the pockets of the oil industry & out-of-state residents. This proposal would slash 100s of millions in funding for transportation. thecommonwealthinstitute.org/the-half-sheet… (3/
🧵Buenas noticias para los Floricuas: The Working Floridians Tax Rebate (WFTR) would increase economic stability and opportunity, boost local economic activity, and improve child and community well-being, a new report claims. (1/4)
@floridawatch
@floridawatch
A state tax rebate of this size would have an estimated average rebate of nearly $500. It would also offer a multigenerational investment, increasing family income, reducing child poverty, and improving health, education, and career outcomes. (2/4)
@ForOurFutureFL
@ForOurFutureFL
By injecting $862 million into the state economy each year, an estimated 2.1 million working Floridians would see a rebate under the WFTR, a state-level version of the #EarnedIncomeTaxCredit (EITC), a tax break that helps people with low-to-moderate income make ends meet. (3/4)
