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Behind the Bill: Cutting the EITC

NC lawmakers are considering cutting a tax credit that helps the state's lowest-income workers and their families.

Posted Updated

By
Laura Leslie

The federal Earned Income Tax Credit has a long Republican pedigree.  First advanced by Nixon, it was signed into law by Ford, and expanded by Reagan, who called it "the best anti-poverty, the best pro-family, the best job creation measure to come out of Congress." 

The state's version of the program is just a fraction of the federal credit.  It goes to more than 400,000 low-income working families in NC. But some GOP lawmakers say it's a "transfer of wealth" the state can't afford in a tough budget year.  

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