MEDIA ADVISORY: Press conference defends tax break for working families

The BTC and its allies will speak to the importance of the Earned Income Tax Credit to tax-paying, working class families throughout North Carolina

WHO: The NC Budget & Tax Center, Gene Nichol of the UNC Poverty Center
WHEN/WHERE:
 Thursday, March 3 at 10 a.m. in front of the Legislative Building on 16 W. Jones Street, Raleigh, NC
 
 
RALEIGH (March 3, 2011) -- On Thursday, March 3, the NC Budget & Tax Center will send a clear message to state legislators: undermining the North Carolina state Earned Income Tax Credit (EITC) will have dire effects on the state’s lowest-earning working families, as well as the state’s economy.

Maintaining the EITC, however, would bolster the state’s middle class and protect thousands of families from hurtful cuts in a time of great economic uncertainty.

The BTC will urge legislators to reconsider their support of House Bill 93 and Senate Bill 117, which would eliminate the refundable portion of the EITC. Working class, tax-paying families could no longer benefit from the credit’s ability to help them cover the substantial share of their income they pay in sales and property taxes.

Alexandra Forter Sirota, Director of the NC Budget & Tax Center, will speak alongside Gene Nichol, director of the UNC Center on Poverty, Work, and Opportunity, and citizens who directly benefit from the EITC. 

“Eliminating the refundability of the state EITC would result in a tax increase for 1 in 10 North Carolina households of individuals who are working and paying taxes,” Sirota said. “

The costs down the road are significant to the state’s economy, as the EITC not only provides a boost to local economies but reinforces a strong connection to the labor force.”

 For more information, contact: Alexandra Forter Sirota, alexandra@ncjustice.org, (919) 861-1468; or (919) 801-0465; Jeff Shaw, Director of Communications, NC Justice Center, jeff@ncjustice.org, (919) 863-2402 (office) (503) 551.3615 (mobile).