Tag: tax credit
If providing healthcare to more Americans is the goal, the COVID-era tax credits for people buying insurance on the Affordable Care Act (ACA) marketplaces have been a big success. Enrollment in ACA policies has doubled to a record 24 million since 2021, when Congress approved the credits, which reduced monthly premiums by hundreds of dollars…
Expanding Auto-IRAs and the Saver’s Credit is the real way to increase saving. I just reviewed a manuscript where once again the authors proposed changing the tax incentive for retirement saving from a deduction to a credit. I used to push this idea myself, but now think it’s a diversion that could increase the revenu…
