Posts

Showing posts with the label expanded earned income tax credit (EITC)

Progress on EITC and mental health funding, not higher ed

Image
MassBudget    Information.    Participation.  Massachusetts Budget and Policy Center    Democracy. February 2, 2018 Progress on EITC and mental health funding,  not higher education The Governor's Fiscal Year (FY) 2019 budget proposal level funds much of state government, includes some targeted initiatives - including an expanded earned income tax credit (EITC) and new services for people struggling with and recovering from mental illness - and proposes small reductions in funding, after accounting for inflation, for higher education and other areas.  Read more about the Governor's FY 2019 proposal in our  newly published Budget Monitor . The budget proposes an increase in the state EITC from 23 percent to 30 percent of the federal amount. The EITC is a refundable tax credit that increases the incomes of lower-income working families. Research has found that in addition to help...