Dear Speaker Ryan,
The Earned Income Tax Credit (EITC) is one of the most successful anti-poverty tools our country has. In 2013 alone, the EITC lifted 3.2 million children in working families out of poverty. Similarly, the Child Tax Credit (CTC) allows working families to earn up to $1,000 per child in tax credit, resulting in 1.7 million children being kept out of poverty in 2013. When you combine EITC and the CTC, an even larger number of families with children, including military families, are lifted out of poverty. These programs also have been shown to improve children’s health and education outcomes, including college attendance.
Unless Congress acts soon, key provisions of the EITC and CTC will expire at the end of 2017, pushing nearly 16 million people—including 8 million children—into or deeper into poverty. Historically, both the EITC and CTC have garnered bi-partisan support, a fact I hope will continue in this Congress.
I strongly urge you to make permanent these critical EITC and CTC provisions. As Congress considers other proposals to make business tax provisions permanent, it cannot allow these effective provisions for working families to expire. With the certainty of these provisions in place, millions of struggling families can help create a brighter future for their children.