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Rewarding Work:
The Minimum Wage and Tax Credits |
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Rewarding Work: The Minimum Wage and Tax Credits discusses the important roles played by both the Earned Income Tax Credit (EITC) and the minimum wage in expanding economic opportunity for low-wage workers. This Facts At A Glance finds that the EITC and a strong minimum wage are complementary policies:
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The EITC is particularly effective at helping those lower-income working families with children.
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The EITC works best when coupled with a strong minimum wage to mitigate any downward pressure on wages.
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While a very effective wage supplement for many low-wage working families, the scale and scope of a state EITC can't substitute for adequate wages.
This Facts At A Glance also examines an employer tax break related to the minimum wage that was recently adopted in New York, one that creates a variety of problems for low-wage workers.
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| The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts. |
MASSACHUSETTS BUDGET AND POLICY CENTER
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BOSTON, MA 02108
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