Econ Comments & Analysis
Politico | Republicans’ love-hate relationship with a tax credit
The embrace is a turnabout of sorts: Republicans have had a love-mostly-hate relationship with the EITC, one that reached a nadir during Mitt Romney’s presidential campaign. When Romney complained 47 percent of Americans weren’t paying federal income taxes, he was implicitly criticizing the credit, which takes many low-income workers off the federal income tax rolls.
NY Times | Window Is Opening for Change in Tax Code
On the face of it, the very idea sounds absurd. To call the current Congress dysfunctional would be an understatement. Simply reaching a budget compromise this week was viewed as a surprising accomplishment.
