U.S. Senator Cory Booker has shown leadership in calling for policy investment that will assist New Jersey’s low wage worker and the state’s economy.
Thank you to Senator Booker for sending a letter to Senate Finance Committee leaders urging them to make enhancements to the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) permanent and to expand benefits for childless workers.
Last month, the Anti-Poverty Network of New Jersey (APN) organized a joint letter about the federal EITC and CTC. Monarch Housing Associates was proud to be one of the thirty organizations asking Senators Menendez and Booker to sign this letter.
Key enhancements in both programs and income business tax credits are due to expire in 2017. The business tax credits are likely to be made permanent this year and it is critical that the EITC and CTC be addressed at the same time and also to expand the EITC for childless workers. Childless workers are currently the only group in the nation who is taxed into (or deeper into) poverty by our current policies.