Women Need Jobs and Support for Their Families (Fact Sheets for Selected States)
Congress will soon decide which federal income tax provisions that expire at the end of this year should be renewed and which should be allowed to expire. These include tax cuts enacted in 2001 and 2003 and improvements to the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC) that were included in the American Recovery and Reinvestment Act of 2009 (ARRA). If Congress fails to extend the ARRA improvements in the CTC and EITC along with provisions of the 2001 and 2003 tax cuts that target individuals with incomes below $200,000 and couples with incomes below $250,000, thousands of families will lose millions of dollars in tax credits next year. If Congress extends the provisions of the 2001 and 2003 tax cuts that only benefit individuals with incomes above $200,000 and couples with incomes above $250,000, billions of dollars that could finance more effective measures to strengthen the economy and families will be lost.
Read more about the impact of these decisions for families in these states.
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