By using this website you allow us to place cookies on your computer. Please read our Privacy Policy for more details.
Publication Date: February 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Jason Levits
Research Area: Banking and finance
Keywords: State budgets; Economic projections; Economic inequality; Income diversity
Type: Report
Coverage: Maryland
Abstract:
The Center on Budget and Policy Priorities supports SB 526, which would increase the Maryland Refundable Earned Income Tax Credit from 20 percent to 25 percent of the federal EITC. The refundable EITC is a proven and popular mechanism for encouraging workforce participation and helping to offset other state taxes low-income families pay. SB 526 would increase these benefits and help hundreds of thousands of low-to-moderate income families in Maryland make ends meet.