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The cost of everything from healthcare, to rent, to college tuition is up – but for most workers, wages are flat. They need more money in their pockets to keep up. That’s why @RepRoKhanna, @RepBonnie, and I are introducing a Cost of Living Refund. brown.senate.gov/newsroom/press…
This plan would double the EITC for working families and make millions more people eligible. For the first time, students and caregivers would be able to claim the EITC. Getting an education is work. Taking care of a loved one is work. Our society needs to recognize that.
A study by AARP & the National Alliance for Caregiving found that almost 40 million Americans are providing unpaid care. A study by GAO found almost a third of all college students experience food insecurity. These students & caregivers need the stability our plan would provide.
Our plan would also let workers claim a one-time advance on their EITC refund. Right now, 4 in 10 Americans say they couldn’t afford an emergency expense of $400 without borrowing money. Early refund EITC would give many Americans an alternative to expensive, predatory lenders.
We need to throw out President Trump’s tax law, and completely rewrite our tax code to put people first. This plan is an important part of how we do that.
