Schmudget Blog

A Primer on the Working Families Tax Rebate

Posted by Kery Murakami at Feb 23, 2010 07:00 PM |

The Senate proposal Tuesday morning includes the Working Families Tax Rebate, a policy developed by the Budget & Policy Center which would offer help to lower- and middle-income residents – those hit hardest by the economy.

The Budget & Policy Center has written extensively on the rebate the last couple of years:

  • Working Families Tax Rebate Administration Would be Straightforward and Efficient: The Working Families Tax Rebate (WFTR) was signed into law in 2008. Once the rebate is fully funded and implemented, it will refund a portion of the state retail sales tax to as many as 370,000 Washington households. But how will it work? One of the great things about the rebate is how straightforward and efficient the administration will be. (Feb 22, 2010)
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  • How Much Would You Get? A Working Families Tax Rebate Calculator: This online tool allows you to calculate how much the credit would be worth based on filing status, number of children, and the amount of earned income.** For example, a married couple with two kids and $20,000 in wages would receive $429 dollars. A single parent with one child would receive $248. The minimum credit for those who are eligible is $50; the maximum is $567. (Feb. 3, 2010)
  • Working Families Tax Rebate: Benefits by Legislative District: The map below shows the share of tax filers who would have been eligible for the WFTR by legislative district. The districts with the highest percentages of eligible Washingtonians live in rural and small metropolitan areas. For example, one in four tax filers in the Yakima area would have been eligible for the WFTR. In general, all communities in Washington would benefit. (Apr. 6, 2009)
  • Working Families Tax Rebate: A Tool for Economic and Fiscal Recovery:  The Working Families Tax Rebate is an effective tool the state can use as part of a strategy for economic and fiscal recovery. It builds on the highly successful federal Earned Income Tax Credit, which lifts millions of people out of poverty nationwide each year. (Apr. 3, 2009)

 

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HIGHLIGHTS

Legislative Testimony

Senior Budget Analyst Kim Justice recently testified before Senate Ways and Means against a bill that would fund education at the expense of other budget investments. Watch it here. 

Kim 5881

Inside Olympia

Executive Director Remy Trupin appeared on TVW's "Inside Olympia" to discuss the budget, revenue options, and the impact of the McCleary decision going forward. The whole interview can be found here. 

Remy TVW -March 14


Budget Matters 2013

More than 300 people -- advocates, students, lawmakers, and policy experts joined us for our second annual policy conference. We heard from Heather McGhee, Jared Bernstein, and Governor Inslee.

Click here for video clips, photos, and PowerPoint presentations from the break-out sessions.

Our new video has highlights from the day. 

Heather McGhee


Save the date for this year's conference: Friday, December 12th, 2014 at the Washington State Convention Center in Seattle.