By Associated Press
UNDATED – Governor Jim Doyle has proposed increasing a state tax credit for poor working parents by up to $270 per year. The increase would raise the state's maximum earned income tax credit from about $2,160 to about $2,430. The credit benefits working parents with 3 or more children and incomes of less than $45,300. It has broad support because it rewards work and helps the poor. Doyle says increasing the earned income tax credit will give poor families more money in a time of economic distress. The credit is refundable, which means families receive it even if they didn't pay that much in income taxes. Increasing it will cost the state 47 million dollars over the next 2 years.