January 17, 2023

The Commonwealth Institute: Support Virginia Families Through a Commonwealth Kids Credit

ITEP Work in Action

True economic prosperity means that families are doing well and have the resources and opportunity to thrive. By coming together, people in Virginia have won an improved Earned Income Tax Credit (EITC), increased minimum wage, and expanded workers rights in recent years — policy wins that lift families up. Yet more must be done to reverse decades of low-road policies that limited opportunities and kept incomes down. In addition, household and family buying power has eroded recently because inflation has outpaced any income gains, while corporate profits continue to rise.

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