Sunday, December 9, 2012

What I Learned at a Conservative Think Tank: Propaganda Now, Facts Later!


“President Ronald Reagan and his successors have supported an expansion of the Earned Income Tax Credit (EITC) as an alternative to a higher minimum wage.  A “negative income tax” of the kind favored by conservative economist Milton Friedman, the EITC reduces or eliminates federal income tax liability for many of the working poor.  If their incomes are too low, the tax credit is “refundable,” which means that the IRS sends them checks.”

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