NJ Spotlight: Low-Income Workers Feel the Pinch of Tax Credit Cut

Cut in earned income tax credit hits low-income workers hard.

 

The governor, as part of the budget that ended in 2011, reduced the payment by 20 percent, which resulted in a loss of $300 in each of the past two years for Rosado.

 

Overall, according to an analysis by New Jersey Policy Perspective, a liberal think tank based in Trenton, nearly half a million families — 1.5 million individuals — lost a total of $100 million in tax credits the past two tax years, or an average of $200 per family.

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