Increasing Taxes on the Working Poor

by | June 2, 2011

Home 9 Uncategorized 9 Increasing Taxes on the Working Poor ( Page 17 )

The Wisconsin Budget Project has this to say about the prospect of increasing taxes on the working poor:

The Joint Finance Committee (JFC) voted Tuesday evening for a package of state policy changes that cut taxes for multistate corporations and the wealthy, while raising taxes on working poor families with two or more children.

Republican members of the committee argued that the cut to the state Earned Income Tax Credit is necessary to help close the $3 billion state deficit. However, the Legislature has a number of viable alternatives for balancing the budget while preserving the credits.

You can read more at the Wisconsin Budget Project’s newest blog post.

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