Tag: Earned Income Tax Credit

The fiscal cliff and working family tax credits

This originally appeared on the Tax Credits for Working Families blog on January 2nd and is reblogged with permission. While the national media covered every twist and turn in the fiscal cliff negotiations, little attention was paid to the provisions… Read more [More...]

Guest Post (Indivar Dutta-Gupta): EITC Even Better for Children than We Thought

Indivar Dutta-Gupta is a Policy Advisor for the Center on Budget and Policy Priorities (CBPP). This post originally appeared on the Off The Charts blog. We previously showed that the Earned Income Tax Credit (EITC) for low-income workers lifts more… Read more [More...]

The conservative anti-poverty program

In all of the major income tax proposals this year (including the plan announced yesterday by Senate Republicans), the Earned Income Tax Credit (EITC) has been targeted for elimination. That’s strange, because lawmakers have made no clear argument for why we should lose this… Read more [More...]

Why raise taxes on working families?

Lost amid much of the tax cut discussion has been the fact that proposals coming out of the legislature would actually increase taxes on hundreds of thousands of low- and moderate-income families. That’s because they could lose a host of… Read more [More...]

The "tax cut" bait and switch

As they ponder plans to cut Oklahoma’s top income tax rate, most lawmakers admit the state cannot afford a cut without eliminating many other tax breaks. They emphasize that we should close loopholes for corporate “special-interests.” Yet as details of… Read more [More...]

STATEMENT: Troubling new details on Governor Fallin's tax plan

Oklahoma Policy Institute Director David Blatt released a statement in response to Governor Fallin’s tax plan, which will be heard in a House committee for the first time this afternoon: As details emerge about Governor Fallin’s plan, more problems are… Read more [More...]

Task force proposal would raise taxes on most Oklahomans, especially harm seniors and families with children

A proposal by the legislature’s tax reform task force would raise taxes for most Oklahomans, with the worst impact on low-income seniors and families with children, according to a new fact sheet from the Oklahoma Policy Institute. The task force… Read more [More...]

Task Force proposes tax hike on poor and middle class to benefit the wealthiest

This afternoon, the Senate Task Force on Comprehensive Tax Reform released its final report. The most significant recommendation is to make further cuts to the top rate and replace that revenue by ending numerous tax credits. Almost two-thirds of the… Read more [More...]

Beware the tax shift

An idea floating around in the tax reform debate has been to swap tax credits for a reduction in the top income tax rate. That’s one of the motivations behind the tax credit task force, which has looked at reigning… Read more [More...]