Tag: Earned Income Tax Credit
With a positive side effect for older households. Hope springs eternal. Every time a tax cut is proposed, the promise is made: the increased economic growth will eventually result in more, not less, government revenue. For example, in 2017 we had Treasury Secretary Mnuchin exclaiming that the “Tax Cuts and Jobs Act (TCJA)” would “pay…
About 11 percent of the children in poor families are living with adults who receive Social Security’s retirement, disability, or supplemental cash benefits. The children are often Black or Hispanic. One out of every four of the families has income below $35,000, and many of the children live with a retired grandparent. If the child…
