New Report: EITC alleviates housing costs
Posted by on December 5, 2003
[posted from Tax Advocacy Roundtable]
New Report Shows EITC Could Alleviate Severe Housing Cost Burdens
A report released in October from the Brookings Institution Center on Urban and Metropolitan Policy looks at the impact of the EITC on housing costs for low-income working families. The report shows that, if included as income, the EITC reduces the number of low-income working families with severe housing cost burdens by 18 percent. Moreover, expanding the EITC for childless workers and larger families would eliminate severe housing costs for an additional 153,000 families. A proposal along these lines introduced in the 107th Congress would also lift 228,000 families above the poverty line.
[ed note: Join PHENND and the Campaign for Working Families this tax season by helping others file tax returns so they can claim the Earned Income Tax Credit. For more information visit http://www.upenn.edu/ccp/PHENND/initiatives/finoutreach.html for Delaware & Montgomery Counties and http://www.uwsepa.org/media/events.asp?specialeventid=56 for Philadelphia and elsewhere.]
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