Delaney Cosponsors Legislation to Raise Wages for Working Families, Expand Earned Income Tax Credit
WASHINGTON – Congressman John K. Delaney (MD-6) is an original cosponsor of the GAIN Act, new legislation to increase take-home wages for working families by expanding the Earned Income Tax Credit (EITC). Congressman Delaney joined the author of the legislation, Congressman Ro Khanna (CA-17), in a press conference Wednesday announcing the bill. For video of Congressman Delaney’s remarks, click here.
The EITC is a benefit for working people who have a low to moderate income, reducing the amount of income tax that they owe. According to the Center on Budget and Policy Priorities, the EITC lifted over six million people out of poverty in recent years.
“Any conversation about tax reform should start with how we can help working people,” said Congressman Delaney. “The EITC has proven to be incredibly effective in rewarding and encouraging work and lifting families out of poverty – this is what the American Dream is all about. This bill really gets at a major problem in our economy, too many hard-working people are struggling: this bill gives a lot of those people a bigger paycheck. Globalization and technology have completely remade the economy in recent decades and with the rise of automation this will continue, so the cost of doing nothing is not nothing. Expanding EITC should be a part of a comprehensive portfolio that makes sure that working people aren’t left behind. I am proud to join Congressman Khanna on this bill and believe that it deserves significant bipartisan support.”
The Grow American Incomes Now (GAIN) Act
The GAIN Act would increase the maximum credit from
- $510 with no qualifying children to $3,000;
- $3,400 with one qualifying child to $6,528;
- $5,616 with two qualifying children to $10,783; and
- $6,318 with three or more qualifying children to $12,131.