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Why the Earned Income Tax Credit helps working families throughout NC

At the General Assembly today, advocates, families and legislators
spoke in opposition to the efforts underway to gut the state’s Earned
Income Tax Credit at a press conference on the steps of the legislative
building.

Some of the key quotes from the event are below:

“We didn’t make the progress we’ve made as a state in the past half
century by merely governing for the already privileged.  But when you
raise taxes of poor people to lower the rates of those at the top,
that’s exactly what you’re doing.  And it’s unworthy of North Carolina.
Unworthy of our history.  Unhelpful to our future.”

– Gene Nichol, Professor of Law and Director of the Center on Work, Poverty and Opportunity at UNC-Chapel Hill


“I am horrified by this effort to dismantle our state’s Earned Income
Tax Credit. Passage of this bill would raise taxes on 1 in 10 hard
working North Carolinians and would hurt local businesses. That’s the
exact opposite of what we should be doing if we want to grow jobs, spur
our state’s economy and rebound from this recession.”

– Representative Jennifer Weiss (D-Wake County)

“Some supporters of this bill have claimed that lower-income people
don’t pay their fair share of taxes.  This is simply not true.  As a
share of their income, the portion these working families pay is in fact
higher than the share paid by the top 1 percent of income earners.”

– Alexandra Sirota, Director, N.C. Budget and Tax Center

“Early this week I was faced with a question, what would happen if they
were to cut EITC?   Well if such a thing was to happen families that
depend on a small amount of money like mine would never be able to get
caught up on medical and food bills, housing expenses, and other
necessities. As a senior citizen that helps a family member that works
less than 40 hours a week, I see the struggles of everyday life. The
struggle just to put food on the table, clothes on our backs, and pay
the bills on time is really hard for a single parent, and in today’s
society with job cuts and high employment rates, it’s darn near
impossible to get caught up.”

– Patricia Evens-Carpenter, Durham Resident

House Bill 93 will be heard next week in the House Finance Committee.

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