Posts Tagged ‘earned income credit’

Reduce Tax Rates on Low-Income Families by Extending Tax Phase-Outs

An ominous announcement for a House Ways & Means Committee joint hearing on “how welfare and tax benefits can discourage work” seemed a set-up to attack programs like the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) for their apparent disincentive to work. But that’s not what happened.  Rather than eliminate or downsize […]

Who Benefits From Those Tax Breaks? All of Us.

“We have met the enemy and he is us,” said the cartoonist Walt Kelly. He was talking about preserving the environment, but he could have been describing our national addiction to tax credits, deductions, and exclusions. These tax breaks increase after-tax income for nearly all of us. At a panel discussion this afternoon, my Tax Policy […]