Now I haven’t seen the legislation, and I’m sure there are a few bugs that need to be removed, but this, is a good idea, and will be a very difficult fight to win. Are you ready?
Baker’s proposed state budget, to be released Wednesday, will call for doubling the state’s Earned Income Tax Credit, which currently adds as much as $937 to the tax returns of low-income working families with three or more children. Within three years, that figure would increase to $1,873.
To pay for it, Baker calls for phasing out the state’s film tax credit.
“I think it’s an important opportunity for us to both do something real and also send a signal that we believe in supporting people who are working real hard to get ahead,” the governor said in an interview Monday. “This is one way, in addition to increasing the minimum wage and some others, to provide them with more bang for their buck.”