Robbing the earned income tax credit to pay for child-care subsidies (“Child-care plan both aids, hurts Vt.’s poor,” Jan. 13) is a terrific holdover of the Republican mentality from the Douglas years — “terrific” in the sense of “terrifying” and “holdover,” as in the Jim Douglas mantra “revenue neutral.”
As a single parent, the $380 earned income credit I received back in 1981 represented more than half a month’s take-home pay, and about 7 percent of my annual income. According to the 2011 federal income tax figures, the earned income credit represents from 4.3 percent to almost 15 percent of a family’s income.
Now, for the top 2.1 percent of Vermonters, the $17 million that the poorest working Vermonters are sacrificing would amount to a tax increase of 0.59 percent on their income. Six-tenths of a percent for them would be the equivalent of working 12 hours a year. For the 70,000 Vermont households losing two-thirds of the EIC, it would mean working an extra four and a half weeks to replace that lost income.
Gov. Shumlin and Secretary Racine are operating under the assumption that the well-off in Vermont lack any sense of connection to Vermont communities. They moved to Vermont and they stay in Vermont because Vermonters hold and cherish the same values they do. They are far more willing to keep Vermont strong than the governor and the commissioner think.
SpringfieldMORE IN Letters
- Most Popular
- Most Emailed
- TOMORROW'S HEADLINES TODAY: Jim Jeffords' legacy, Brandon takes a few questions about proposed budget, beleaguered city playground likely to move, woman awakes to find strange man with knives standing at her bedside.
- TOMORROW'S HEADLINES TODAY: Former U.S. Senator James Jeffords dies Monday in Washington D.C., a local man is beaten and robbed while walking on West Street, Clarendon sets a tax rate and Brandon convenes an informational public meeting about its budget.
- RICHARD'S POOR ALMANACK: On this day in 1915, the New York World publishes scoop: Thom. Edison diverts chemical from war production to help German pharmaceutical company make aspirin; on this day in 1935, Will Rogers, Wiley Post die in Alaska plane crash.
- TOMORROW'S HEADLINES TODAY: State panel briefed on smuggling drugs into prisons; new French-German documentary about Vermont's heroin addiction; solar project at Vets Home falls apart; update dispute between Open Door Mission and treatment center.
- TODAY'S WEATHER MINUTE: Climatologists might not know as much about El Nino as they thought they knew. New studies show 10,000 years ago, El Nino was active, and polar ice sheets were rapidly melting — just like today.
- TOMORROW'S HEADLINES TODAY: State colleges get a budget cut break, vandals spray paint Wallingford basketball court, state's attorney will replace lost deputies, cop lawsuit proceeds, Mendon mini-golf proposal makes headway.