The Illinois state legislature just passed a budget that includes an Earned Income Tax Credit (EITC) expansion. From TCWF: “Under the agreement, which ends the state’s two-year budget impasse, the personal income tax rate for all Illinois workers will increase from 3.75 to 4.95 percent. Increasing the state’s EITC will help to mitigate the burden of an income tax hike on low-wage workers who are often hit hardest by flat tax systems.”
EITC momentum is picking up across the nation. Montana and South Carolina have both enacted state EITC laws, while Hawai’i’s passed the state legislature and just awaits for the governor’s signature. Two other states have passed bills to expand access or participation rates.
States across the country are getting the message: working families need the EITC. NC lawmakers should start listening.
Click here for the original statement from TCWF.