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In his first State of the State address, Maryland Governor announced the proposal of his anti poverty plan. Moore stated that tax credits and minimum wage increase will help Maryland residents escape poverty.
![Maryland Anti Poverty Plan [Photo: Advance Maryland]](https://s3.us-west-1.amazonaws.com/southarkansassun.com/2023/02/330766732_1257200261558611_3238148681457662644_n.jpg)
Maryland Anti Poverty Plan [Photo: Advance Maryland]
According to Wood, on February 16, Moore has announced his Family Prosperity Act proposal. Former lawmaker, Lieutenant Governor Aruna Miller, will reportedly lead the campaigning effort for Moore’s anti poverty plan. Moore believes that when workers that earn low incomes are given a financial incentive, it will help not just them but their families and children too.
READ ALSO: Connecticut, Maryland, Rochester To Issue Up To $13,500 Sign-On Bonus For Workers
About the Anti Poverty Plan
According to Sears, the Family Prosperity Act anti poverty plan intends to target two tax credits, the Earned Income Tax Credit and the Child Tax Credit. This is because experts say these two tax credits motivate workers and provide tax break to taxpayers. In addition to the two tax credits, Moore also proposed to increase the minimum wage to $15 an hour this year.
Reportedly, Moore’s administration estimates that around 400,000 taxpayers will take advantage of the Earned Income Tax Credit and 40,000 from the Child Tax Credit. On the other hand, if the minimum wage is increased, around 217,000 workers can expect their household incomes to increase by roughly $1,000 a year.
READ ALSO: Minimum Wage Increase In Over 25 U.S. States This 2023
