Working Families Tax Relief Act Would Expand the Earned Income Tax Credit and Child Tax Credit
WASHINGTON – Senator Maggie Hassan, a member of the Senate Finance Committee, and Senator Jeanne Shaheen, joined their colleagues this week in introducing the Working Families Tax Relief Act, which would cut taxes for hard-working Granite Staters and families by expanding the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC).
At a time when wages are stagnant and the cost of childcare has exploded, the Working Families Tax Relief Act would cut taxes for workers and families by expanding the Earned Income Tax Credit and Child Tax Credit. Expanding these two tax credits would help expand economic opportunity for more Granite Staters and Americans.
“As corporate profits continue to rise, too many middle class families and workers in New Hampshire and across America are being left behind,” Senator Hassan said. “This legislation will help expand economic opportunity for hard-working Granite Staters and families and help ensure they have what they need to get ahead and stay ahead.”
“It’s long overdue to provide real tax relief to working families,” Senator Shaheen said. “The recent tax law that was championed by President Trump and Republican leadership delivered massive tax breaks to corporations and the wealthiest Americans who didn’t need a tax cut, but was a missed opportunity to provide substantial tax relief to the rest of America. The Working Families Tax Relief Act would enact common sense reforms to the tax code to boost household incomes and strengthen our economy.”
The Senators previously cosponsored the legislation in the last Congress. The legislation was introduced by Senators Sherrod Brown (D-OH), Michael Bennet (D-CO), Dick Durbin (D-IL), and Ron Wyden (D-OR). Read more about the bill HERE.
As part of her efforts to expand economic opportunity for hard-working Granite Staters, Senator Hassan also introduced the Middle Class Tax Break Act that would create a $1,000 Working America Tax Credit for middle class families who have earned income up to $200,000.