Published on March 25, 2022 in Stable Households
The Earned Income Tax Credit (EITC) provides a vital income boost for low- and moderate-income households by helping them keep more of their hard-earned dollars. In 2011, Michigan’s EITC was reduced by 70 percent, leaving many families struggling to afford food, rent and other essentials. It’s time for the legislature to prioritize working households by increasing the state credit.
The Michigan ALICE Report shows us that before the pandemic even hit Michigan, one in three households couldn’t afford basic needs like food, housing, child care, transportation, health care, taxes and technology. With the impact the economic challenges brought by the pandemic, even more are struggling. We need to make sure our families and local economies are at the forefront as Michigan begins to recover.
Increasing the Earned Income Tax Credit would put hundreds of dollars into working families’ wallets, giving them much needed flexibility to afford child care, food, utilities and more. The EITC also provides a boost to our local economies, generating $1.50 to $2 in local economic activity for every $1 received.
Our working families, small businesses and communities count on Michigan’s legislators for support. Join us in urging them to pass an increase to the Earned Income Tax Credit today!