Wisconsin budget committee rejects tax credit for post-foster care youth, pledges more work
The Legislature's Joint Finance Committee on Tuesday rejected Gov. Scott Walker's budget proposal to create a refundable tax credit for young adults that have aged out of the foster care system, but the committee's Republican leaders said more work will be done to figure out how best to serve that population.
Walker's budget would have offered a credit equal to 125 percent of the federal Earned Income Tax Credit to young adults who have left foster care. The credit would be available for two years after "aging out," meaning most claimants would be between the ages of 18 and 25.
An estimated 2,653 people would have been eligible for the credit. Walker's proposal set aside $724,000 to pay for it.
The goal is to help young adults who don't have a strong family support system as they prepare to enter the workforce or pursue higher education.
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