LEGISLATURE INCREASES THE EARNED INCOME TAX CREDIT FOR FAMILIES WITH YOUNG CHILDREN
This week the Oregon Legislature gave final approval to HB 4110. This bill increases the Earned Income Tax Credit (EITC) for families with young children. Rep. Buehler was a chief sponsor on the bill and released the following statement.
“The EITC is a proven tool for relieving poverty. Unlike the minimum wage hike, it will not cost jobs nor increase the cost of living, and the EITC ensures the money goes to those who need it most – struggling families.
The EITC and other similar anti-poverty programs are critical to providing stable homes for children. There is increasing evidence showing that financial opportunity and success starts with strong families and safe homes free of hardship.”
HB 4110 increases the Oregon Earned Income Tax Credit from 8% of the federal credit to 11% for Oregonians with a child under the age of three, providing more money through the month for necessities.