Working Families Tax Credit

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Working Families Tax Credit

February 27, 2023

Memorandum of Support

Re: S277-B Gounardes / A4022-B Hevesi Relates to a working families tax credit 

The above referenced legislation would create the New York State Working Families Tax Credit by streamlining the Earned Income Tax Credit and the Empire State Child Tax Credit. The New York State Catholic Conference wholeheartedly supports this proposal. 

The federal extended tax credit lifted millions of children out of poverty but has tragically since expired without being renewed. The Working Families Tax Credit proposed by this legislation would provide direct cash assistance of up to $1,600 per child and would be paid quarterly instead of annually. This targeted support would ensure families with the lowest income receive the largest credit and eventually guarantee, through a sliding scale, every family a minimum of $500. 

New York is facing trying times. The current affordability crisis is forcing parents to make difficult decisions in caring for their children. This legislation is an important step toward creating the supportive environment that babies, children, mothers, and families deserve. We strongly urge you to support this bill.