H.R.es88 - Supporting the designation of January 31, 2025, as Earned Income Tax Credit Awareness Day. (119th Congress)
Summary
H.Res.88 supports the designation of January 31, 2025, as "Earned Income Tax Credit Awareness Day." The resolution aims to increase awareness of the Earned Income Tax Credit (EITC) and other refundable tax credits among eligible workers. It encourages federal, state, and local agencies, community organizations, and employers to participate in this awareness effort.
Expected Effects
The resolution's passage would likely lead to increased outreach and informational campaigns regarding the EITC. This could result in more eligible individuals and families claiming the credit. Ultimately, this could reduce poverty and stimulate local economies.
Potential Benefits
- Increased awareness of the EITC among eligible workers.
- Potential reduction in poverty rates as more people claim the credit.
- Stimulation of local economies through increased spending by EITC recipients.
- Improved financial stability for low- and moderate-income working families and individuals.
- Encouragement of free tax filing assistance, making it easier for people to claim the credit.
Potential Disadvantages
- The resolution itself has no direct disadvantages as it is non-binding and promotional.
- Increased EITC claims could place a slight administrative burden on the IRS.
- The effectiveness of the awareness campaign depends on the level of participation from various organizations and agencies.
- There may be a cost associated with running awareness campaigns, although the resolution does not allocate specific funding.
- Some individuals may still not be reached by the awareness campaign due to various barriers (e.g., language, access to information).
Constitutional Alignment
The resolution aligns with the Constitution's broad goals of promoting the general welfare. While the Constitution does not explicitly mention tax credits or awareness days, Congress has the power to tax and spend for the general welfare under Article I, Section 8. The resolution does not infringe upon any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).