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Hagan pushes to keep tax credits for military families

U.S. Sen. Kay Hagan has urged the Senate Finance Committee to keep the Earned Income Tax Credit and the Child Tax Credit as it decides which tax breaks to eliminate. Hagan wrote to committee leaders to draw attention to how the tax credits help military families.

“I want to see them preserved for all families, but because there are so many current and former military families in North Carolina, I really wanted to raise this particular issue with (Senate Finance Committee) chairman (Max) Baucus and (senior Republican Sen. Orrin) Hatch,” Hagan, a Democrat from Greensboro, said in an interview on Tuesday..

“I’ve looked at what these military families have gone through. In the last 10 years we’ve asked more and more of our soldiers and their families.”

And for that reason, eliminating the tax credits would be wrong, she said. Hagan and nine other senators argued in a letter that the two tax credits keep more than 140,000 military families from falling below the poverty line, and help an additional 800,000 people in military families who now live in poverty.

Senate sends McCrory bill that eliminates the state's earned income tax credit

UPDATED:With the Senate's final approval Wednesday, a measure to let a modest state tax credit for low- and moderate-income taxpayers expire in 2013 is headed to Gov. Pat McCrory.

The measure sunsets the earned income tax credit (EITC) -- after a one-year extension -- drew the scorn of Democrats, who unsuccessfully sought to extend it. The legislation lowers the state's tax break slightly for the 2013 tax year because the federal tax credit increased.

Republicans said the bill is standard fixes to "decouple" the state from federal tax policy. But Democrats link it with efforts this session to curtail unemployment benefits and prevent Medicaid expansion to show the majority party is disregarding the poor.

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