Friday, September 15, 2017

Republican aim at earned income tax credit punishes people who are poor

https://www.ncronline.org/news/opinion/republican-aim-earned-income-tax-credit-punishes-people-who-are-poor
MGB:_Interesting juxtaposition of laws. One could gather that the GOP members believe that the poor and their tax preparrers are corrupt because they and their donors are corrupt. Probably a good guess. That EITC is already too complicated is why people, especailly those with only or below high school literacy need to use tax preparers in the first place. I have an MPA and I find that part of the form difficult. It would be better to put a floor on the employee contributin to Social Security, credit the employer contribution equally, remove the bend points and fund the employer levy with a consumption rather than a payroll tax (which includes profit).

 Instead of rewarding low wage employers by giving their workers a tax credit, raise the minimum wage and establish paid education programs at that wage for anyone without a job, regardless of immigration status. Increase the child tax credit to $1000 per child per month with pay (paid for be ending EITC, TANF, SNAP, child exemptions, and the deductions for property taxes and mortgage interest). The math works, but the willingnesss is not there, even among Democrats. At least we are sure the House measures will die in the Senate, including the additions to the Budget Resolution.

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