Golden State Opportunity has released a new report, Our Fair Share: The Earned Income Tax Credit’s Crucial Role During a Recession, with original economic analysis confirming that the Earned Income Tax Credit (EITC) is a powerful economic driver. Analysis shows that in 2019 state and federal EITC refunds created or sustained 74,000 jobs in California, which is equivalent to nearly 25% of the total jobs created in California that year. Over the four years California has invested in its own state EITC, Californians have claimed $400 million more in federal EITC dollars. However, California still isn’t getting its fair share of federal EITC money based on population and contribution to the national economy. At a time when bringing more federal dollars into the state is critical to safeguard against a looming recession and ballooning inequality, state spending on outreach and free tax filing grants that bring EITC refunds into low-income communities are at risk in the current budget.
The California Essentials for Childhood Initiative uses a public health and collective impact approach to align and enhance collaborative efforts to promote safe, stable, nurturing relationships and environments for children, youth and families through systems, policy and social norms change.
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