Connecticut Voices for Children released their Issue Briefing Book 2020-2022. Versions of this document have been developed throughout the 25 years of the organization’s history. As the state experiences the convergence of a health crisis, an economic recession due to that crisis, and a contentious and long-overdue conversation on race, the “Book” has been refreshed given Voices’ new, strategic aim toward economic justice and these unprecedented times. The Issue Briefing Book 2020-2022 is designed to be a starting point for shared knowledge around the research and recommendations that are fundamental to family economic security and the undergirding fiscal and economics, with the hope of advancing shared action.
Abridged Brief | Full Brief
An economist looking at Vermont statistics can see that the state is benefiting from the U.S. economic expansion, which became
the longest on record last summer: There are more jobs, higher wages, fewer children in poverty.1
At the same time, many Vermonters can look at their paychecks and wonder when the recession is going to end. The state’s
economic growth continues to favor those who are well off, while low- and moderate-income families wait for things to pick up.
Both views are true.
Through decades of laws and policy decisions, Washington’s elected leaders have created a tax code that is the most upsidedown, or regressive, in the nation, meaning that those with low incomes pay a much higher share of their income in taxes compared to the wealthiest. In other words, Washington’s tax policies favor certain people based on their income and wealth, while continuing to hold low- and middle-income people back.
This brief addresses the question: How and to what extent does a person’s race and ethnicity determine how Washington’s upside-down tax code impacts them?
Tens of thousands of upper-income Ohioans are qualifying for tax credits that seemingly are limited to those who have much lower incomes. It’s all legal – and it’s probably costing the state millions of dollars a year.