4 ms·
Please think about the amounts of money that we are talking about. Would you seriously consider disbursing $4 trillion dollars through EITC expansion? It is abs
by lkrubner 5y ago
Please 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....