Rep. Bill Canfield discusses potential tax relief - VT House Republican Press Conference 3/18/25

The Social Security piece came out last week on the Earned Income Tax Credit. Civil service and retirees, civil service, retirement system and retirees. And it re-includes the existing law for veterans. It raises the threshold for eligibility on an income level, dollars applied. It doesn't raise the $10,000 exemption. We'll still get that credit. If you're filing single, it goes from $50,000 to $55,000. And if you're filing one way, I think it's $70,000. That's that. But if you notice, the yield bill we're going to work on this afternoon, the $77.2 million is still there. There's some discussion about if it's all going to stay or save some for a reserve. But it's going to buy down the notion. And the third was military pensions. We had great testimony from General Knight. And a lot of heads agreed with it. With the full retirement military in play, that was a constriction.