State Gives Income Tax Breaks to Companies That Pay No Tax

Some state lawmakers are justifying their decision to curtail a tax credit for the working poor by declaring the state shouldn’t subsidize people who owe no income taxes. But several state tax breaks essentially do the same thing for businesses.

Budget Crisis Clips Credit For Working Poor

Oklahoma lawmakers have voted to pare back the state’s earned income tax credit. The incentive provides an annual income boost to about 200,000 low-income households with working parents.