Norcross & NJ Leaders: Let’s Address Inequality by Providing Tax Relief for Working Families

Norcross & NJ Leaders: Let’s Address Inequality by Providing Tax Relief for Working Families

 

CHERRY HILL, NJ – As working families start off the new school year juggling fulltime jobs and fulltime academics, Congressman Donald Norcross (NJ-01), New Jersey Policy Perspective and the Anti-Poverty Network of New Jersey called on Congress to pass the Working Families Tax Relief Act, H.R. 3157, of which Norcross is a co-sponsor. The Act increases the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC).

 

“This week we honored workers on Labor Day, but on a daily basis our tax policies are not honoring the working men and women who power our economy,” said Congressman Norcross. “Despite more than 40 years of wage stagnation in America, the richest 1% continue to be the winners, most recently with the Republican’s Robin-Hood-in-reserve tax bill. Tax reform must do more to support the working families who spend locally and shape our communities. Expanding the earned income and child tax credits is a proven way to empower working families and make our economy work for everyone.”

 

Click here to watch the press conference. Click here to view or download photos from the press conference.

 

“The federal tax code has been skewed to benefit the wealthy at the expense of everyday Americans for far too long,” said Brandon McKoy, President of New Jersey Policy Perspective. “The Working Families Tax Relief Act would help put money back in the pockets of New Jersey workers who need it most. The proposal would give more than 2.6 million New Jerseyans, including over 1 million children, a real chance to succeed by strengthening the highly successful Earned Income Tax Credit (EITC) and increasing the Child Tax Credit. These tax credits have a multiplier effect as they are often spent immediately and locally, further strengthening our communities and the economy. On behalf of NJPP, I thank Rep. Norcross for his leadership on this issue and urge New Jersey’s entire congressional delegation to co-sponsor this pro-worker measure.”

 

“New Jersey’s workers and working families have continued to struggle since the Great Recession, with unequal taxes contributing to inequality,” said Renee Koubiadis, Executive Director of the Anti-Poverty Network of New Jersey. “We know that nearly 40% of people in our state are poor or what is considered ‘working poor.’ Research shows that tax credits like expansion of the EITC and child care tax credits help them meet basic needs in our high-cost state. We applaud Congressman Norcross for sponsoring H.R. 3157, that will assist over 1,137,000 children, and over 411,800 adults not raising children, to rise out of poverty and be self-sufficient.”

 

Click here to download the full text of H.R. 3157, the Working Families Tax Relief Act.

 

The Center on Budget and Policy Priorities concludes that the Working Families Tax Relief Act will result in expanded benefits for:

 

Expanding the EITC was also one of the policy recommendations included in the “Future of Work, Wages and Labor” report co-authored by Norcross in 2018.

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