Friday, January 31, 2014

Brookings Institution: Robert Moffitt: Questions About EITC's Role in the Safety Net

Source:The New Democrat

The whole point of the Earned Income Tax Credit which was signed into law by Richard Nixon or Gerald Ford, hardly Socialists, or even Liberals, was to encourage low-skilled workers to work even for low- income jobs. Instead of collecting all of their income from public assistance. So these workers can at least get some work experience even at entry-level service jobs and not be completely dependent on public assistance for their economic well-being. And by this standard the EITC has been very successful in the United States. And has probably contributed to keeping our unemployment rate lower than it otherwise would’ve been. Had people making ten to twenty-thousand-dollars a year not enough for most of the country by itself. Especially If they had to pay federal income taxes as well.

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