As policymakers grapple with how to ensure economic security for the 11 million Californians living in asset poverty, a promising policy agenda should include a state-level Earned Income Tax Credit (EITC). A state EITC would reduce the regressive tax burden on California's working poor, put more money in their pockets, and make saving for the future possible.
This forum will spotlight current legislation in Sacramento that would enact a refundable EITC giving millions of Californians a much-needed economic boost. Specifically, we will discuss California bills AB 43, SB 38, and SB 152, and provide an overview of the federal EITC and how federal tax expenditures, originally designed to help all Americans build financial security, favor the wealthy and mistakenly shut out those with less.
Chris Hoene, Executive Director, California Budget & Policy Center
Pete Manzo, President & CEO, United Ways of California
Heather McCulloch, Director, Tax Alliance for Economic Mobility
We invite grantmakers, along with non-profit and public sector leaders, to join us for this forum. Space is limited; registration is required.