"State tax credit too important to cut"

That´s the title of today´s editorial on the Hartford Courant, a very strong, forceful defense of the Connecticut Earned Income Tax Credit. The message is clear:

The earned income tax credit, or EITC, is one of the best domestic policy tools ever invented. Since it can only be claimed by people who work and pay taxes, it encourages and rewards work. It keeps low-income wage earners out of poverty. The money saved goes right back into the local economy.

It would be a shame to cut it, even temporarily.

The article goes on quoting the excellent study from CT Voices for Children on who gets the credit and its effectiveness. We do believe that the EITC is one of the best, if not the best, anti-poverty policies that the state has. The Courant is right: it should be preserved.

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