The Earned Income Tax Credit Helps Connecticut's Working Families

The proposed cuts to Connecticut’s Earned Income Tax Credit amount to a $75 Million tax on Connecticut’s working families. Now is the time for greater investment in our working families, to continue to reduce poverty statewide and in our communities.

The proposed cuts to Connecticut’s Earned Income Tax Credit amount to a $75 Million tax on Connecticut’s working families. Now is the time for greater investment in our working families, to continue to reduce poverty statewide and in our communities.

Connecticut’s Earned Income Tax Credit benefits working families, in part helping them to create or supplement savings. Because credits are ultimately spent in the local economy, this in turn benefits the communities in which these families live and raise their children. Unfortunately, the most recent state budget proposes a $75 Million cut to the state’s EITC, cuts that will be borne by those who can least afford it. For context, the maximum income for Federal EITC eligibility—upon which State EITC eligibility is based—is $53,505, and that’s for Married-Filing-Jointly Households with three dependents or more.

As the 2016 American Community Survey indicates, the number of families below 100% of the Federal Poverty—in both Connecticut and nationally—has begun to fall, and EITC is likely part of the reason. Continued investment in our working families and their children will be necessary to fully mitigate the social and economic disparities that affect so many families in our communities, and a strengthened EITC is an important part of this investment.  

This interactive map shows where EITC has benefited Connecticut’s working families in 2015

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