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The Ladder

A Blog from New America's Asset Building Program

Hill Event on Raising Awareness of the Earned Income Tax Credit

Published:  January 22, 2013

With tax filing time just around the corner, this Friday is National EITC Awareness Day. In an effort to raise awareness, particularly among Members of Congress and their staff of this important tax credit, we're pleased to be co-sponsoring a briefing on Capitol Hill this Thursday along with the National Community Tax Coalition and a robust cohort of partner organizations. RSVP and event details are here. The briefing begins at 10:00am and a light breakfast will be served.

The Earned Income Tax Credit is an important anti-poverty program that gives lower-income working families a chance to leverage the tax filing process to receive a refund from the IRS. Because the EITC is linked to work and earned income, it is hailed as an effective work promotion strategy with wide ranging political appeal. The Asset Building Program has had a longstanding interest in promoting the EITC because it helps ensure the tax filing process is an opportunity for lower-income people to stabilize finances and open the door to savings.

This Thursday's conversation will focus on the interplay of federal and state-level tax credits and identify the role of the EITC is helping families to meet basic needs while simultaneously jumpstarting the savings process. We welcome Congressional staff to join us on Thursday morning in the Russell Senate Building for this conversation. Along with staff from several policy-oriented organizations, the panel this year will feature Sharon Strauss, a representative of a community service organization that runs a Volunteer Income Tax Assistance site, and Sharron Holquin, an EITC recipient from Maryland. 

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