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: Vermont Gas Systems puts Phase 2 on hold as the latest estimate for Phase 1 takes a 27 percent leap upward, to a total of $157 million; U.S. Attorney Tristram Coffin quits for job with private firm; police cite man in pot bust.
- RICHARD'S POOR ALMANACK: In 1972, Christmas bombing of North Vietnam ordered by President Richard Nixon, most lethal strikes of the war; in 1989, U.S. invades Panama to depose, arrest and charge Gen. Manuel Noriega with drug trafficking, racketeering.
- TOMORROW'S HEADLINES TODAY: Gov. Peter Shumlin announces demise of his single-payer health insurance initiative; convicted first-degree murderer Alan Prue sentenced to 50 years for killing teacher Melissa Jenkins; veterans chafed about park naming snub.
- RICHARD'S POOR ALMANACK: In 497 BC, first Saturnalia festival celebrated in Rome, Scandinavians retain 'Yule Goat' as symbol of season, Krampus, evil side of holiday cheer, terrorizes children into better behavior, more advice from Christopher Hitchens.
- RICHARD'S POOR ALMANACK: In 533 AD, Byzantine Emperor Justinian I gets the old empire back together again routing the Vandals from Carthage; in 1890, Lakota Chief Sitting Bull is killed at his home in South Dakota; in 1970, Soviets land probe on Venus.
- DUANE CARLETON: Rutland Herald Events Editor George Nostrand interviews musician Duane Carleton, whose new CD 'A GIRL LIKE THAT' drops Thursday, Dec. 18, 2014, and will be celebrated that evening with a show at 9:30 p.m. at Killington's Pickle Barrel.