|
cloudboy -> A working bipartisan policy -- Tax Credits (4/16/2015 8:27:15 AM)
|
• They are the approximately 27 million Americans — mostly parents of children — who now get a large tax credit along with a refund. In 2014, the federal government spent more than $66 billion on the earned-income tax credit. It is the nation’s largest cash anti-poverty program, one that lifted 3.2 million American children above the poverty line in 2013, based on analysis from the Center on Budget and Policy Priorities.
• Most Democrats, and a lot of Republicans, have supported helping the poor through this tax credit since its inception in 1975 and continued expansions. They like it because it targets parents who are working — a group deemed deserving by many Americans.
• Politicians tend to see the policy as pro-work, and they’re right. Perhaps this is why 25 states offer their own version of the credit, or why both President Obama and Representative Paul D. Ryan, Republican of Wisconsin, put forth proposals to extend the credit to childless workers in 2014.
http://www.nytimes.com/2015/04/13/opinion/when-taxes-arent-a-drag.html?_r=0
|
|
|
|
