Improving education, income, and health requires changes in public policy. LIVE UNITED is not about Democrat vs. Republican; it’s about understanding our nation’s crises and coming together to solve them. We also need your voices to help us preserve the charitable deduction tax incentive in the tax code.
The ability of donors to deduct contributions to charity from their taxes is a cornerstone of the success of America’s charitable tradition. One of United Way’s top public policy priorities is to preserve the deduction so we can continue to fund and provide services for families and individuals in need. The current deep economic recession is causing reductions in private giving to United Way and agencies that rely on United Way support. Limitations on charitable giving tax incentives would further reduce charitable contributions. Join the United Way’s efforts to ensure that Congress and the Administration recognize the importance that charitable deduction plays in enabling charities to meet the demand for critical community-based services.
CONTACT CONGRESS TODAY TO PROTECT CHARITABLE GIVING INCENTIVES
Poverty rates are falling according to the U.S. Census Bureau, and tools like the Earned Income Tax Credit (EITC) and refundable Child Tax Credit (CTC) have proven instrumental in this trend. But with 43.1 million people still struggling to get by, the fight is far from over and we need your help to build on solutions.Consider the following highlights from September 2016's report on income, poverty and health insurance coverage across the U.S. in 2015.
- Poverty rate down: The official poverty rate dropped 1.2 percentage points from 2014 to 2015 with 13.5% of the U.S. population, or 43.1 million people still living on unstable ground. This percentage decrease is the largest drop in poverty since 1999.
- Median household income is up: Median household income was $56,516, an increase of 5.2% from 2014.
- Health insurance coverage up: The number of people without health insurance coverage in 2015 was 29 million (9.1% of population), down from 33 million the prior year.
The EITC and refundable Child Tax Credit made a difference: Without important tax credits like the EITC and refundable CTC, which help workers keep more of what they earn to pay for the basics, an additional 9.2 million Americans would have fallen into poverty in 2015.
Today’s Census data continues to build on the evidence that the Earned Income Tax Credit works; however, not all workers can access this powerful tax credit. Currently workers not raising kids and younger workers either aren’t eligible for this powerful pro-work incentive—or they receive far too little. These are parents who don’t live with their children but pay for important child expenses, young workers paying for their own higher education, and veterans who fought for our country and are finding stable ground at home.
Fortunately, both President Obama and Speaker Ryan have released proposals that would expand the size of the credit for these workers, and would lower the age of eligibility from 25 to 21. It’s time to put ideas into action.
Tell your Representatives that we can do more to support American workers and fight poverty. Take action now to build on what works and #ExpandEITC. The EITC and CTC are among our nation’s most effective pro-work, anti-poverty tools. Only people who work are eligible for the EITC and CTC, which allow 102,4000 working moms and dads and 73,000 military and veteran families in Pennsylvania to keep more of what they earn. The working tax credits also help farm workers, home health aides, teaching assistants, janitors, cashiers, and more in Pennsylvania continue to work and provide for their households.
Research finds that during the 1990s, EITC expansions actually did more to raise employment among single mothers than welfare reform. The CTC is similarly designed to increase parents’ work and earnings while helping to offset the cost of raising children.
CONTACT CONGRESS TODAY IN SUPPORT OF EXPANDING THE EITC.