Sen. L'Italien: Working Families Get Raise From Senate-led Initiatives
Jan 05, 2016 12:39AM
By Bill Gilman
BOSTON -- More than 450,000 hardworking families across Massachusetts have received a raise now that the state minimum wage has been increased to $10 an hour and the state Earned Income Tax Credit has expanded by over 50 percent in 2016
The minimum wage increase to $10 an hour will raise the average earnings of a minimum wage worker by about $2,000 a year. According to estimates, this increase will reduce the number of Massachusetts residents living below the federal poverty level by about 3 percent.
‘Seeing the Minimum Wage and Earned Income Tax Credit increased were among my top priorities,” said Sen. Barbara L’Italien, who represents the communities of Tewksbury, Dracut, Lawrence and Andover. “The Senate has made shared prosperity a guiding principal of our work and Senate President Stan Rosenberg and many other senators were relentless in our efforts to see this important legislation passed and signed into law.
The Earned Income Tax Credit expansion provides up to $500 in additional income to working families with at least three children. Families receiving the EITC have higher long-range earning potential and increased social security benefits. Children in EITC households have increased academic scores and high-school graduation rates
The Senate proposed the expansion of the Earned Income Tax Credit (EITC) in May 2015, with final passage in July 2015
“We live in a Commonwealth, which means everyone must share in the prosperity of our vibrant economy, not just those at the top,” Senate President Stanley Rosenberg (D-Amherst) said in a statement about this legislation going into effect in 2016.