EARNED INCOME TAX CREDIT (EITC)
A Tax Code for the Rest of Us: A Framework & Recommendations for Advancing Gender & Racial Equity Through Tax Credits
This report, published jointly with the National Women’s Law Center, offers a new vision for a tax code that works for women, people of color, and low- and moderate-income families. Centuries of racist, sexist policy choices and discrimination have created significant barriers for women and people of color to build the kind of wealth our tax code now rewards. At the same time, insufficient tax revenues—exacerbated by tax breaks for the wealthy and corporations—constrain budgets for programs that help people afford their basic needs. The paper proposes a framework to help policymakers, advocates, and the public evaluate when and how refundable tax credits can advance equity, economic mobility, and opportunity for all.
As the debate in Washington turns to tax reform, improvements to the earned income tax credit (EITC) is one of the policy options that can help bring together both sides of the aisle.