Update: March 10, 2011
EITC Boost Should be Legislature's Top Tax Expenditure Priority
A strong work ethic is rightly among the most cherished of American values. In an ideal world, work alone would open the doors to opportunity. That's not the case, unfortunately, for many low- and moderate-income working families in Oregon struggling to make ends meet. But Oregon can make work more rewarding for low-income families and put dollars into local economies throughout the state by improving its Earned Income Tax Credit (EITC).
In the revenue-challenged 2011 session, improving the EITC should take precedence over any other effort to expand or extend an existing, or create a new, tax credit or deduction. That's why the Oregonians for Working Families coalition is calling on legislature to put Senate Bill 349 at the top of any tax expenditure priority list.
The Senate Finance and Revenue Committee will hold a hearing on SB 349 on Friday, March 11, 1:00-3:00 p.m, at the State Capitol.
Read the fact sheet SB 349 Helps Working Families Get Ahead: Should be Legislature's Top Tax Expenditure Priority. Click here for a PDF copy.