The two most important pieces of the 2001-2011 tax cuts for low-income families were the reduced refundability threshold of the Child Tax Credit (CTC) and the 2 percentage point cut in payroll taxes. The American Taxpayer Relief Act of 2012 (ATRA) extended the former for 5 years and dropped the latter entirely. This, in sharp
Posts by: Elaine Marie
I want a world where everyone has enough food, adequate housing, decent health care, feels personally safe, and receives a high-quality education. I want my government to play a role in providing that and as anyone can see, my government has let me down. Despite being reminded by campaigning democrats that the Democratic Party is
So let me get this straight. First, the banks make loads of bad mortgages. Then, the government bails them out. Fannie and Freddie end up with tons of foreclosures on their books, and now those banks that started the mess get to cash-in on Fannie and Freddie’s need to dump the current set of foreclosure
I used to think we were a little more tolerant of our protesters here in DC than in other places. We are, after all, ground zero for political speech. But then, the media started rumbling about cracking down here. Stay tuned. Most of the time, though, the media coverage I come across tends to report that
No matter how you measure it, the poverty rate is high – and it’s probably going to stay that way. In September, Census reported a poverty rate of 15.1 percent – which represents the highest rate since 1965. Of perhaps even more concern was the official estimate that 6.7 percent of people in the U.S.
The tax system provides substantial assistance for workers – and, outside of Social Security, provides the largest platform for redistribution we have in the U.S. Although the tax system leaves out huge swaths of people – which I’ll discuss in future posts – for the people it targets money towards, it can do it relatively