President Obama is calling for an expanded federal Earned Income Tax Credit for low-income workers. Click here to learn more.Click here to learn more
Federal EITC Expansion: What Did The President Propose?
On March 3, President Obama released the details of his EITC proposal. On March 5 Tax Credits for Working Families held a webinar on the details of the President’s proposal, its prospects on Capitol Hill and its potential impact on low-income workers. The slides are now available and the recording will be posted shortly.
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Highlights from this week include President Obama releasing his 2015 budget which offered details on his proposed expansion to the federal EITC, a webinar we hosted Wednesday on the President’s proposal, and an ongoing effort to update Minnesota’s state version of the federal EITC, called the Working Family Credit.
Details of the President’s proposal to increase the EITC for childless workers released last night include doubling the maximum credit, increasing the maximum income at which you can claim the credit, increasing the phase in and out rates and expanding age eligibility to include workers as young as 21 and as old as 66.