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Benefits of Preserving and Extending Tax Credits for Families in Alabama: A Middle Class Prosperity Project Staff Report Prepared for the State of Alabama
House Committee on Oversight and Government Reform Warren, Elizabeth
House Committee on Oversight and Government Reform
Warren, Elizabeth
Abstract
On behalf of the House Committee on Oversight and Government Reform, Senator Elizabeth Warren and Representative Elijah E. Cummings issued a staff report lookings into the tax landscape in Alabama, specifically critical tax credits that are expiring. The report shows that these expiring tax credits are directed to low- and middle-income individuals, families, and children. The report finds that if these tax credits are not renewed then thousands of these families will face harsh economic penalties which could impede social mobility. Additionally, the report finds that the consequences this will have on families will carry over to the Alabama economy as well.
Date
2015-12-02
Document Type
Senate Minority Staff Report
House Minority Staff Report
House Minority Staff Report
Serial Number
Document Length
11 pages
Congress
114
Relation
DOI
Keywords
Staff Reports
PAP Major Code
13: Social Welfare
PAP Minor Code
1302: Cash Assistance to the Poor and General Poverty Issues