Nothing says the 4th of July like fireworks, BBQ, hometown parades and tax credits for military families.
The summer after I graduated college, I road tripped the U.S. and found myself in Victor, Idaho on the 4th of July. Enjoying a boysenberry shake in the hot sun as vintage cars rolled by and little children waved their flags with pride, I recall the entire town on its feet in thunderous applause as the veterans marched by. It was a fantastic day to celebrate America and those who fought for our freedom in 1776 all the way through today.
Fortunately this year, as we enjoy our festivities in the backyard or the town square, we can all do a little good to honor our service members, veterans and their families by asking Congress to save key provisions of pro-work tax credits that help build economic opportunity for veteran and military families.
The Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC), make an important difference in the lives of millions of working families across the country, including many service members, veterans and their families. In fact, 2 million veteran and military families are claiming the EITC and/or the refundable CTC to build financial stability each year (See state-by-state numbers here).
Together, the EITC and CTC boost incomes, help working families make ends meet, and, in particular, help veterans put their valuable skills to work when they return home.
Unless Congress acts, key provisions of these pro-work tax credits will expire at the end of 2017 and one million veteran and military families would lose some or all of these two tax credits. Instead of letting it come down to the wire for our hometown heroes, Congress should seize the chance this year to keep the working family tax credits whole.
So in addition to sporting the red, white and blue this year, let’s come together for our vets, service members and their families, and advocate for the credits that help provide solid footing for those who have dedicated so much of themselves to advance the common good.