Organizational Sign-on Letter Sign to Senator Schumer in Support of WFTRA
Please sign this organizational sign-on letter to Senator Schumer to ensure that forthcoming legislation enacted to address the flaw in the 2017 Trump Tax Cuts affecting the restaurant and retail industries also include EITC and CTC provisions to help help millions of workers and families left out of the law — millions of whom, in the case of the restaurant and retail revisions, work in those same industries.
Dear Senator Schumer:
We are writing to ask for your active support in helping struggling working families and poor children as part of a possible tax package in the coming weeks. Specifically, we ask you to help ensure that any legislation enacted to revise the 2017 tax law, especially legislation addressing the 2017 tax law’s impact on the restaurant and retail industries, also include improvements in the Earned Income Tax Credit (EITC) and Child Tax Credit to help millions of workers and families left out of the law — millions of whom, in the case of the restaurant and retail revisions, work in those same industries.
We greatly appreciate your support of the Working Families Tax Relief Act (S.1138), which would help lower-income workers and poor children by making needed EITC and Child Tax Credit improvements. As you know, over 1.7 million households in our state benefit from the EITC and over 1.1 million households benefit from the Child Tax Credit. In 2016, the EITC and CTC put almost $9 billion into the pockets of New York State’s working people and families.
We understand that many senators support the Restoring Investment in Improvements Act (S. 803), which would address a problem that restaurant and retail owners face due to the 2017 tax law, while giving these industries new, permanent tax breaks. We have noticed that Sen. Toomey, one of the lead sponsors of S. 803, has been trying to move his bill as part of other legislative action this fall, most recently in September as an amendment to a retirement security bill.
We hope you would agree that another serious flaw in the 2017 law is that it entirely or, in some cases, largely left out millions of low-wage workers and low-income children. For example, it did nothing to address the problem that 5 million low-wage workers not raising children at home are taxed into — or deeper into — poverty because their small EITC (if they even get the credit at all) is not enough to offset their federal tax liabilities. And while the 2017 tax law expanded the $2,000 Child Tax Credit for every child to higher-income families making up to $400,000, it left millions of the nation’s poorest children with only a token Child Tax Credit — or none at all.
Since many of the workers left out of the 2017 tax law are the very ones who work in the restaurant and retail industries, there’s a strong link between proposals to help these workers and to help these business owners. And, according to recent press accounts, it appears you may have the opportunity to help both groups in a tax deal later this year.
Accordingly, the state organizations listed below strongly request that you, as a cosponsor of the Working Families Tax Relief Act and a strong supporter of the EITC and Child Tax Credit, work to ensure that any legislation enacted to address the flaw in the 2017 tax law affecting the restaurant and retail industries — or any other technical problems with the 2017 tax law — also include EITC and Child Tax Credit provisions to help families and workers left out of that law. This would provide a meaningful down payment on the Working Families Tax Relief Act
More broadly, we ask you to actively support efforts to ensure that any legislation this year to extend or expand tax breaks for businesses include provisions to support low- and moderate-income workers.
We appreciate your consideration of our views and look forward to hearing from you on this matter.