“More than 72,00 childless New Yorkers over age 64 would become eligible were policymakers to remove the age cap for New York’s EITC. “Older workers make up an increasing share of the labor market and are more likely to be working poor than their prime-age counterparts,” according to the report’s authors, economic policy researcher Aida Farmand and Professor Teresa Ghilarducci, director of the Schwartz Center. That’s an “outdated socioeconomic and policy environment” because an increasing number of older New Yorkers are still working, and that group accounts for the largest share of future growth in the state’s labor market, according to the AARP New York-sponsored report conducted by the Schwartz Center for Economic Policy Analysis at The New School. But the inclusion of workers 65 and above ended last year.Ĭurrently, low-income workers 65 and older receive no benefit from the federal or New York State’s EITC. In 2021, the American Rescue Plan (ARP) temporarily expanded the federal EITC to include workers older than 64, providing a needed income boost to workers and families struggling to pay for basic needs during the pandemic. – New York State must end age discrimination that’s written right into state law by expanding its Earned Income Tax Credit (EITC), a popular federal program credited with lifting millions of Americans out of poverty, to include the increasing number of older, low-wage New Yorkers still in the workforce, AARP New York said today as it released a new report showing how an expanded EITC would benefit more than 72,000 New Yorkers age 65 and older. With Many 65+ NYers Still Working, Expansion Would Also Write Age Discrimination Out of State LawĪLBANY, N.Y.
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