WHO: The Budget & Tax Center, Jill Cox from the United Way of North Carolina, an EITC recipient, and representative from Volunteer Income Tax Preparer (VITA)
WHAT: Press conference in support of the state Earned Income Tax Credit
WHEN: Thursday, February 28, 2013 at 10:00 a.m.
WHERE: The North Carolina Museum of History, 5 E. Edenton Street in Downtown Raleigh
RALEIGH (February 26, 2013) — The Budget & Tax Center, a project of the North Carolina Justice Center, will host a press conference on Thursday, February 28, to urge policymakers to keep the State Earned Income Tax Credit as a central part of any revenue plan and to not reduce the credit.
On Wednesday, the Senate Finance committee will hear House Bill 82 which reduces the value of the state Earned Income Tax Credit. A cut in the state EITC or its outright elimination would result in a tax shift to low-earning families. The state EITC provides workers earning low wages with a credit to offset their total state and local tax contributions. Nearly 907,000 North Carolinians claimed the credit in 2011 in each of the state’s 100 counties. These North Carolinians work, pay taxes, and would be directly affected by the reduction or elimination of the EITC.
"North Carolina taxpayers who receive the EITC need this modest yet critical support more than ever," said Alexandra Forter Sirota, director of the Budget & Tax Center. "The EITC must be extended as part of tax reform as both a tool to address the upside-down nature of North Carolina's tax system as well as an essential means of lifting families out of poverty."
The press conference will feature speakers Alexandra Forter Sirota; Jill Cox of United Way of North Carolina; a representative from Volunteer Income Tax Preparer (VITA); and a recipient of the EITC.
FOR MORE INFORMATION, CONTACT: Alexandra Forter Sirota, BTC Director, email@example.com, 919.861.1468; Jeff Shaw, Director of Communications, firstname.lastname@example.org, 503.551.3615 (cell).