As the Illinois session comes to a close, lawmakers are focused on one last important piece of legislation: increasing the earned income tax credit for struggling, working families.
At Women In Government's 12th Annual Southern Regional Conference, legislators learned about the use of credit scores and reports in employment practices and a variety of other financial issues.
The release of the 2010 U.S. Census data about poverty spawned a flurry of writing and thinking about the causes, status of, and solutions to widespread poverty in the U.S.
Connecticut passes the first mandatory sick leave law in the United States, with the aim of providing health and security to the state's service workers.
Oklahoma's public schools are preparing for a new responsibility, the mandated teaching of financial literacy curriculum to all high school graduates by 2014.
The Michigan House today approved legislation by Rep. Jim Stamas, R-Midland, that will help improve the state’s economy by reducing unemployment fraud.
State legislatures are back in session. With at least 40 states facing budget gaps in fiscal 2012, Tax Credits for Working Families provides a one-stop shop of resources concerning tax credits.
To read more visit http://www.taxcreditsforworkingfamilies.org/
Governor-elect Scott Walker said Tuesday that his administration will uphold the same standards of openness and ethics as he seeks to shift the state's job creation efforts from the Department of Commerce to a new partly private entity.
The sky is the limit for a new law in Michigan that aims to stimulate economic development around airports and other transportation hubs. The Next Michigan law, signed by Gov. Jennifer Granholm on Dec. 15, will create a chain of development organizations across the state.
The EITC is a federal income tax credit for working individuals and families with low to moderate incomes. It is a refundable credit, meaning that even if the taxpayer has no federal income tax liability, he or she will receive a refund.
Investing in Kids' Future Pays Off
Did you know studies show that parents who use child development accounts (CDA), such as savings accounts for college, shift from an overreliance on credit and create a foundation for asset building.
In July, New York because the first state to pass legislation protecting domestic workers. This legislation requires that full-time domestic workers receive a minimum of one day of rest each week, three paid days off per year, and overtime pay if working greater than 40 hours per week. This legislation will help alleviate instances of domestic workers being overworked and underpaid.
Young adults pay over $3 for every dollar borrowed. (Center for Responsible Lending)
Female-headed families have the lowest family earnings among family types. On average female-headed households earn 30 percent less than their counterparts without children (U.S. Department of Commerce)
28 percent of working women who were unmarried with children had incomes below the poverty line in 2009 (U.S. Department of Commerce)
At all levels of education, women earn about 75 percent of what their male counterparts earned in 2009 (U.S. Department of Commerce)
In 2009 alone, foreclosures will cause 69.5 million nearby homes to suffer price declines averaging $7,200 per home and resulting in a $502 billion total decline in property values. (Center for Responsible Lending)
During the period 2009-2012, the Center for Responsible Lending projects that foreclosures will cost 92 million U.S. families some $1.9 trillion in lower home values--an average of $20,300 in lost wealth per household. (Center for Responsible Lending)
12 million Americans are caught in a cycle of 400 percent interest payday lending debt every year. (Center for Responsible Lending)
