{"id":8644,"date":"2012-05-17T18:24:45","date_gmt":"2012-05-17T22:24:45","guid":{"rendered":"http:\/\/stateimpact.npr.org\/new-hampshire\/?p=8644"},"modified":"2012-05-18T13:43:44","modified_gmt":"2012-05-18T17:43:44","slug":"would-a-statewide-earned-income-tax-credit-be-good-for-n-h","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/new-hampshire\/2012\/05\/17\/would-a-statewide-earned-income-tax-credit-be-good-for-n-h\/","title":{"rendered":"Would A Statewide Earned Income Tax Credit Be Good For N.H.?"},"content":{"rendered":"
\"calculator\"<\/a>

Ken Teegardin<\/p>

<\/p><\/div>\n

In 1974 \u2014 the middle of an economic recession \u2014 President Ford introduced the Tax Reduction of 1975<\/a>, hoping that tax cuts would stimulate the economy. The Earned Income Tax Credit (EITC) became federal law the following year, and has grown since. By last year, a family with two children who earned under $40,964 was eligible for a federal tax credit of up to $5,112. Back in the 1980s, states began to add their own EITCs to supplement the federal program. By 2009, 24 states had a statewide EITC. Since New Hampshire doesn\u2019t have a state income tax, it\u2019s natural to assume the state wouldn\u2019t have an EITC, and it doesn’t. But that hasn\u2019t stopped the state of Washington, whose new EITC goes into effect this year.<\/p>\n

This past Tuesday the University of New Hampshire\u2019s Carsey Institute\u00a0issued a brief <\/a>about the impact of statewide EITCs on children of eligible families. It turns out the effects are substantial \u2014 and sometimes counter-intuitive. According to the Carsey Institute, statewide EITC programs are associated with:<\/p>\n