Fwd: The Tax Credit That Works for Working People

[Claire N. Dale]

 

 

----------Original Message----------

From: Troy Singleton
Date: Apr 30, 2015 2:09:20 PM
Subject: The Tax Credit That Works for Working People
To: Claire Dale <clair...@verizon.net>
 

Updates from Assemblyman Troy Singleton April 30, 2015 Financial planning is not only a critical component of business, it also applies to life. Whether you’re looking at business receipts or a family budget, how you plan often has a profound effect that reverberates throughout your financial structure. It also has a direct and often powerful impact on your future actions. I point this out because the state legislature is in the midst of reviewing Governor Christie’s budget, and I, along with my fellow legislators, are carefully examining his plan. In this review, I have found one change that is alarming and requires our attention: the Earned Income Tax Credit (EITC). The EITC goes to thousands of low- and moderate-income working families each year. Research has shown that it provides a documented benefit towards work, income, educational, and health opportunities to those who are eligible and their children. Promoting this tax policy strengthens the economic vitality of our state as a whole by ensuring the prospects of economic prosperity are felt at every level of our society. The governor’s proposed budget continues his decision to reduce the state benefit of the tax credit from 25 percent to 20 percent of the federal EITC. I, and several of my colleagues, have authored a proposal that would restore the amount to the previous figure under the state program. [Read More] Share on Facebook Tweet This Want to help your government? Become a Citizen Co-Sponsor Upcoming events - Click here to see upcoming events in LD7 Recent News 1,200 N.J. homeowners still await Sandy aid approvals Women’s Political Caucus of NJ Breakfast Brings Out Female Force Assembly Questions DEP Commissioner About Exxon Settlement Open space funding debated during budget review STATE DEP COMMISSIONER DEFENDS SIPHONING MONEY FROM NEW OPEN-SPACE FUND NJ amplifies safety measures after November stabbing at Camden office SAFETY MEASURES IMPROVED AFTER STABBING OF CHILD WELFARE WORKER N.J. lawmaker: Why pay $2M for armed security instead of police at child welfare offices? Willingboro native wins Pulitzer for poetry Editorial: More needs to be done for small businesses Dems blame Christie's broken pension promises for latest Moody's downgrade Christie should abandon plan to move disabled citizens back to N.J., budget panel says     www.TroySingleton.com Paid for by EFO Troy Singleton for Assembly, 907 Morgan Ave Palmyra, NJ 08065.

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Troy Singleton · United States
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