2015 Economic Development Briefing – Israel Nery
"The Earned Income Tax Credit Conundrum: The Unintended Exclusion of Latina/o Children"
Moderated by CHCI-PepsiCo Foundation Law Graduate Fellow Israel Nery
The Earned Income Tax Credit (EITC) stands as a refundable tax credit for low-to moderate-income individuals and families. President Reagan, who significantly expanded this credit during his administration, deemed it “the best anti-poverty, the best pro-family, the best job creation measure to come out of Congress.” Currently, policy makers refer to the EITC as the “nation’s largest federal anti-poverty program.” In 2010, the EITC lifted roughly 5.4 million people out of poverty, including 3 million children. The EITC has been proven to promote children’s success in school, along with allowing them to experience work, income, and health benefits into adulthood. Despite its commendable accomplishments, the EITC has exclusionary effects on many Latina/o children in the United States. This briefing will focus on ways in which the statutory framework of the EITC could be changed to minimize exclusionary effects on Latina/o children.
J.C. Craig, Director, Taxpayer Opportunity Network, Corporation for Enterprise Development
Chuck Marr, Director of Federal Tax Policy, Center on Budget and Policy Priorities
Elena Ramirez, Research Assistant, Urban Institute
The 2015 CHCI Capitol Hill Policy Briefing Series is the culmination of CHCI’s premier, nine-month Graduate Fellowship Program.