Tag: tax policy
Making the change permanent would improve the return to work for older workers. Among many other things, the $1.9 trillion American Rescue Plan Act increased eligibility and the amount of the earned income tax credit (EITC) for taxpayers with no qualifying children for 2021. In particular, the legislation lowered the minimum age to claim t…
If you believe, as I do, that higher taxes should be part of solving the nation’s debt and deficit problems, then the fiscal cliff should be viewed as an opportunity as well as a threat. Including taxes as part of the solution is hardly an extreme position; both the Bowles-Simpson and the Domenici-Rivlin plans includ…
