February 19, 2015

OUR TWO REPUBLICAN PARTIES:

In Both Red and Blue States, Talk of Middle-Class Tax Cuts (Jake Grovum, 2/17/15, Pew)

Proposals in Republican-dominated states, such as Arkansas, Ohio and Maine (where Democrats control the House), focus on lowering income tax rates, either for everybody or specifically for low- and middle-income taxpayers.  In New York and Minnesota, where Democrats hold more sway, the idea is to boost low- and middle-income households through targeted property tax cuts or child care income tax credits, respectively. 

Some states, including some with Republican governors such as Michigan and Massachusetts, are interested in expanding their states' versions of the federal Earned Income Tax Credit (EITC). Other states that don't have a state EITC, such as California, are thinking of creating one. The credit, which reduces the amount of taxes that low- to moderate-income households owe, has long attracted bipartisan support.

Posted by at February 19, 2015 2:21 PM
  

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