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Reduce current Earned Income Credit and Additional Child Tax Credits to reduce the Federal budget.

Created by A.O. on January 16, 2013

In today's economic society a low income taxpayer believes that they are guaranteed a significatant refund just because they have children. Today, if your total earned income is $10,000 (single or married) and you have 3 or more children, you qualify for Earned Income Credit over $4,500. This is before you add in the Additional Child Tax Credit of at least $2,000. A single taxpayer who earned $30,000 only receives about $3,000, and married would be $4,000. These amounts are not fair to all taxpayers. It is understandable that taxpayers and families need a tax credit. However, allowing a refund that almost equals your income after taxes does not make sense. Please review the tax credits and lets continue to help these families but at a reasonable amount not the current inflated amount.

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