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Earned Income Tax Credit

GOP 'Payback' to White Working Class That Voted Them in: Cut Earned Income Tax and Child Tax Credit

Ian Reifowitz | Posted 11.28.2014 | Politics
Ian Reifowitz

President Obama does something Republicans don't like on immigration, and their idea of payback is to stick it to working-class Americans who have kids, most of whom -- when we are talking about whites -- just voted to make them the majority party in both the House and the Senate.

Letting Tax-Credit Provisions Expire Would Push Millions Into Poverty

Chuck Marr | Posted 11.12.2014 | Politics
Chuck Marr

As Republicans and Democrats look for areas where they can work together, they should be able to agree to make permanent three key provisions of two pro-work tax credits: the Child Tax Credit (CTC) and Earned Income Tax Credit (EITC).

Do Minimum Wage Increases Benefit the Middle Class?

Timothy J. Barnett | Posted 12.13.2014 | Business
Timothy J. Barnett

This is not to argue against minimum wage increases as much as to argue that this remedy must not be substituted for reforms at deeper levels.

2013 Census Data on Poverty, Income Tells a Story About Our Priorities

Tiziana Dearing | Posted 11.17.2014 | Politics
Tiziana Dearing

It turns out, we get results in the places we invest. The question is, are we investing in the right places?

President Obama, Go Big or Go Home

Robbie Gennet | Posted 10.22.2014 | Politics
Robbie Gennet

There's an old saying in surfing: Go big or go home. Right now, each race around the country is in it's own little bubble, disconnected to the larger narrative. Only true vision and leadership can unite them to raise a populist wave and that is what the Presidential pulpit is for.

House GOP Follows Ryan Anti-Poverty Plan With Pro-Poverty Legislation

Chuck Marr | Posted 09.24.2014 | Politics
Chuck Marr

House Budget Committee Chairman Paul Ryan (R-WI) extolled the anti-poverty effects of the Earned Income Tax Credit (EITC) and, in his new poverty prop...

House Should Reject Backwards Child Tax Credit Bill

Chuck Marr | Posted 09.17.2014 | Politics
Chuck Marr

The full House next week will consider the Ways and Means Committee's recently passed Child Tax Credit bill. A recent Tax Policy Center analysis confirms our previous critical assessments of the proposal, finding that it would make many relatively affluent people better off while making low-income working families poorer.

Listening to the OECD and IMF (!?#*!) on the EITC/Minimum Wage Connection

Jared Bernstein | Posted 08.18.2014 | Business
Jared Bernstein

OECD's report touts the virtues of the EITC as a wage subsidy for low-income workers that both encourages work and reduces poverty. They go on to emphasize an EITC reform that we too have gotten solidly behind.

The Budget Is Not Fair, Mr. Chair

Marian Wright Edelman | Posted 07.02.2014 | Politics
Marian Wright Edelman

The way to end poverty is not to cut the very programs that are making the difference. What kind of leaders believe we can afford massive tax breaks for the richest one percent but cannot afford to meet the survival needs of all our poor children?

The Top 5 (Okay, 6) State Tax Charts

Christine Mai | Posted 06.14.2014 | Business
Christine Mai

More than half of state tax dollars go to fund education and health care. State tax dollars also fund other critical services such as transportation, corrections, public assistance, care for residents with disabilities, police, state parks, and general aid to local governments.

Rawls in the Real World

Elisabeth Mason | Posted 06.08.2014 | Politics
Elisabeth Mason

More than 40 years after he published his seminal work A Theory of Justice, the debate continues about the logic and desirability of subscribing to his worldview. We need debate no longer: we should all be Rawlsians now.

Leading Senator Adds to Momentum for Helping Childless Workers

Chuck Marr | Posted 05.26.2014 | Politics
Chuck Marr

Senate Budget Committee Chairman Patty Murray (D-WA) proposed today to build on the Earned Income Tax Credit's (EITC) pro-work success story by signif...

A False Choice: Earned Income Tax Credit or Minimum Wage Increase

Frank Islam | Posted 05.24.2014 | Business
Frank Islam

These are trying times for the entire spectrum of American hourly low wage workers. That's why we don't need a false choice between the EITC and a minimum wage increase.

Lee Tax Reform Plan's Disappointing Details

Chuck Marr | Posted 05.20.2014 | Politics
Chuck Marr

In high-profile speeches on tax reform, Senator Mike Lee (R-UT) has called forcefully for expanding opportunity and helping parents raising children.  Unfortunately, the tax reform plan he recently detailed falls far short of his stated goals.

Don't Forfeit Past Tax Refunds

Jason Alderman | Posted 05.19.2014 | Business
Jason Alderman

Does this sound familiar? A few years back your yearly earnings were pretty low so you figured you wouldn't owe any income tax. Thus, when April 15 rolled around the following year you didn't bother filing a tax return, knowing you wouldn't be penalized. Big mistake.

The Division of North Carolina's Middle Class and the Development of Economic Inequality

Mousa Alshanteer | Posted 05.17.2014 | Politics
Mousa Alshanteer

In order to address North Carolina's economic inequality, policy leaders ought to adopt an integrated approach to economic development.

Make Hard Work Pay -- Again

Marian Wright Edelman | Posted 05.14.2014 | Politics
Marian Wright Edelman

The sad truth is you can work full time in America and not be able to meet your family's basic needs. A parent working full time at the federal minimum wage of $7.25 an hour earns $15,080 a year before taxes. That's $4,700 below the poverty level for a parent with two children.

The Poverty of Policy on Poverty

David Coates | Posted 05.13.2014 | Politics
David Coates

Since there is currently a rather large amount of poverty around that ideally would be rapidly alleviated, you could legitimately expect that the proposals that each side brought to the table might significantly erode the poverty under review. Sadly, however, neither set of proposals do.

Tim Ryan: '$13 To $14 An Hour' For Minimum Wage 'Would Be Livable'

The Huffington Post | Natasha Bach | Posted 03.12.2014 | Politics

Rep. Tim Ryan (D-Ohio) advocated for an increase in the national minimum wage, in a Tuesday interview on HuffPost Live. While he said an increase ...

'Shut Up!' -- Really GOP?

Leo W. Gerard | Posted 05.10.2014 | Politics
Leo W. Gerard

The result of the Republican budget would be opportunity only for those who already have money. So, of course, the GOP had to try to kill a budget conceived under the proposition of opportunity for everyone.

Hanged For A Lamb

Robert Kuttner | Posted 05.09.2014 | Politics
Robert Kuttner

To the extent that the Obama budget is intended as a "campaign blueprint" -- to signal to working families that Obama cares about them and to force the Republicans to cast difficult votes -- it is a very small step in the right direction. But it probably will sway a few voters, because it doesn't make enough of a difference. Obama is being branded a populist by the establishment press and irresponsible by Republicans for what is really a very tame program. He should at least earn these adjectives and get the public's attention. As it is, he might as well be hanged for a sheep. He might as well come out for policies that would make a real difference. That would actually be worthy of the terms "populist" and "campaign blueprint."

Breaking Out of the Budget Straitjacket

Deborah Weinstein | Posted 05.06.2014 | Politics
Deborah Weinstein

The President's annual budget demonstrates whether our values are driving our national choices. Are we going to continue to give extra tax breaks worth billions to hot shots in the finance industry or re-direct tax help to decrease the poverty of more than 13 million workers?

What's Not DOA in the Obama Budget

Jared Bernstein | Posted 05.05.2014 | Politics
Jared Bernstein

It's of course tempting to decry the president's budget as "dead on arrival" but I wouldn't be nearly so quick to go there. Here are a number of ways that some of the ideas that the administration trotted out Tuesday will be referenced in months and even years to come.

Here's How Obama Can Lift 500,000 Out Of Poverty Without Raising The Minimum Wage

The Huffington Post | Jillian Berman | Posted 03.04.2014 | Business

President Obama says he can lift 500,000 Americans out of poverty with just one move. In his proposed budget for fiscal 2015, released on Tuesday,...

Raising the Minimum Wage Is Only One Part of Boosting the Economy

Mehroz Baig | Posted 05.04.2014 | Politics
Mehroz Baig

The decline in America's middle class is a threat to our economy because our economy is consumer driven. If consumers lose purchasing power, our economy suffers.