January 14, 2013

Missouri Budget Project: Creating a State Earned Income Tax Credit for Missouri

ITEP Work in Action

In this time of economic turmoil, one of the most effective steps state lawmakers can take to stimulate Missouri’s economy is to create a State Earned Income Tax Credit (EITC). A State EITC would benefit more than 440,000 Missouri families and is also proven to be a valuable economic stimulus, generating more than $64.3 million in additional economic activity that would reach every corner of Missouri. Due to the proven economic and family benefits of State Earned Income Tax Credits, the EITC enjoys bipartisan support throughout the country.3 Today, more than half of states that have a state income tax have enacted a state EITC.

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