The Earned Income Tax Credit (EITC) is a tax cut for working families. The federal EITC was established during the Reagan administration as a way to reduce poverty and to reward people who work in low-wage industries. In addition, the District of Columbia and 29 states have a state EITC which provides a vital source of income for tens of millions of low-wage workers
State polling conducted over the course of 2019 and 2020 to broadly educate legislators, partners, and the public showed that among likely voters, there is strong support for policies that provide working families with economic security. Polling found high levels of support for the Earned Income Tax Credit as well as responsible revenue policies that ensure everyone pays their fair share, for example:
- Florida and North Carolina voters responded overwhelmingly in support of establishing a state EITC;
- North Carolinians appreciate EITC language focusing on helping working families;
- In Maryland, voters responded positively to taxing wealthier individuals and corporations; and
- Michigan voters support the move from a flat to a graduated income tax structure.
For the full memo see here.
For more on EITC, watch this webinar hosted by SiX, Institute on Taxation and Economic Policy, Economic Security Project, and Economic Security for IL.