December 17, 2015 | Number of The Day
Number of NJ families that will benefit from Congress’ tax-credit deal

New Jersey Policy Perspective estimates that 219,000 families in the Garden State will benefit from the deal this week that extends provisions of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC).

According to NJPP, if the deal had not been struck, New Jersey families would have lost $256 million a year from the federal government, “dwarfing” the $120 million boost given them in this year’s state budget.

Childless workers, however, will not benefit from the deal. Serena Rice, executive director of the Anti-Poverty Network of New Jersey, estimates that leaves out in the cold some 350,000 New Jerseyans that should be able to benefit from the EITC.