A majority of the families that benefit from the Earned Income Tax Credit (EITC) are single head of household filers— a filing designation commonly used by single mothers. The same single mothers who are struggling to provide the basics of a healthy and happy life for their children in an economic climate defined by stagnating wages and higher costs for childcare, medicine, and housing. North Carolina’s low- and middle-income working families are struggling to stay afloat as costs rise faster than their pay.
In North Carolina, these same families are responsible for an ever increasing tax burden while our state’s wealthiest individuals and corporations are not being asked to pay their share.
In stark contrast to the Tax Cuts and Jobs Act (TCJA) of 2017 that was heavily tilted in favor of corporations and the wealthy, several Senate co-sponsors just introduced the Working Families Tax Relief Act.
If successful, the Working Families Tax Relief Act will strengthen the highly effective EITC and Child Tax Credit (CTC). Read more