Del. bill aims to bring money back into taxpayer’s pockets
DOVER, Del. – A bill in Delaware aims to bring money back into the pockets of people who need it the most.
House Bill 80S would make changes to Delaware’s Earned Income Tax Credit.
While the bill and it’s workings are a bit complicated, lawmakers say, at it’s core, the bill will bring money back to Delawareans depending on the size of their families.
This is something that, lawmakers say, won’t just benefit those families, but the entire state of Delaware.
“If you are living paycheck to paycheck, week to week on an hourly pay, you get an extra $50, you’re going to use that for food, you’re going to use that for shelter, that’s going to go right back into the local economy, and that helps our state also,” Representative Paul Baumbach said.
Representative Baumbach says this model, which has been done by other states, has been proven to be the most effective way to help families dig themselves out of poverty.
House Bill 80S will be heard by the House Revenue and Finance Committee on Wednesday.