Inside Track
President Proposes Doubling Tax Subsidy for the Poor
President Obama’s proposal to double the earned income tax credit (EITC) for the working poor on March 4 came with all the promises of attendant benefits that such an expansion would provide: It would reduce poverty while encouraging people who are not working to get jobs, and it would expand existing law to cover an additional 16 million families, with 30 million children.
In his State of the Union address in January, the president warned this was coming, while noting that good conservatives like Marco Rubio (R-Fla.) endorsed such an increase:
Right now, [the EITC only] helps about half of all parents … but I agree with Republicans like Senator Rubio that it doesn’t do enough for single workers who don’t have kids.
JBS Member or ShopJBS.org Customer?
Sign in with your ShopJBS.org account username and password or use that login to subscribe.
Subscribe Now
- 24 Issues Per Year
- Digital Edition Access
- Exclusive Subscriber Content
- Audio provided for all articles
- Unlimited access to past issues
- Cancel anytime.
- Renews automatically
Subscribe Now
- 24 Issues Per Year
- Print edition delivery (USA)
*Available Outside USA - Digital Edition Access
- Exclusive Subscriber Content
- Audio provided for all articles
- Unlimited access to past issues
- Cancel anytime.
- Renews automatically