Difference between revisions of "Earned Income Tax Credit"

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The '''Earned Income Tax Credit''' is a negative income tax designed to give money to poor people with jobs without using the welfare system.  Originally called the "negative income tax," it was first proposed by conservative economist [[Milton Friedman]] in 1960, and enacted into law under Republican president [[Jerry Ford]] in 1977 and expanded by [[Ronald Reagan]] in 1986. People with incomes under $37,000 file income tax returns and instead of paying an income tax to the government they get a check from the government. Depending on the number of dependents and the income earned, checks typically are in the range of $2000 to $3000. The refund phases out as income goes above $16,000. About 20% of eligible families fail to take the credit. Those who did participate received $40 billion in 2008.<ref> See [http://www.cbo.gov/budget/factsheets/2008/eitc.pdf Congressional Budget Office estimates]</ref>
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Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God?
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==Further reading==
 
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* Steve Holt. "The Earned Income Tax Credit at Age 30: What We Know" [http://www.brookings.edu/reports/2006/02childrenfamilies_holt.aspx (The Brookings Institution, 2006) online]
 
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==references==
 
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<references/>
 
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[[Category:Taxation]]
 
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[[Category:Reagan Era]]
 
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[[Category:Obama Administration]]
 
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[[category:Welfare State]]
 

Revision as of 01:37, May 2, 2011

Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God?

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