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Realistically, EITC expansion or similar would be the tool if you wanna go that route as it’s more easily modeled than nationwide collective bargaining and is g
by peytn 5y ago
Realistically, EITC expansion or similar would be the tool if you wanna go that route as it’s more easily modeled than nationwide collective bargaining and is generally considered more efficient than a jobs program.
- lkrubner 5y agoPlease think about the amounts of money that we are talking about. Would you seriously consider disbursing $4 trillion dollars through EITC expansion? It is absolutely not designed to handle that kind of money.The EITC cost $90 billion in 2019. Biden's recent budget more than doubled it, but still, it's at a different order of magnitude than what we are discussing: https://www.pgpf.org/budget-basics/what-is-the-earned-income-tax-credit#:~:text=Tax%20Credits%20and%20the%20Budget,distortions%20resulting%20from%20the%20pandemic https://www.pgpf.org/budget-basics/what-is-the-earned-income....