Monday 26 December 2016

Must read: Chris Fitzsimon's Monday Numbers roundup for 2016

Selfish governing has produced terrible outcomes:

30—number of years since President Ronald Reagan called the EITC “the best anti-poverty, the best pro-family, the best job creation measure to come out of Congress” (“Earned Income Tax Credit,” Center on Budget and Policy Priorities)

3—number of years since North Carolina allowed its state EITC to end in 2013 (“States Can Adopt or Expand Earned Income Tax Credits to Build a Stronger Future Economy,” Center on Budget and Policy Priorities, January 19, 2016)

The Earned Income Tax Credit is one of those "out of sight, out of mind" issues that don't generate as much interest amongst the general public, but the loss of it has generated a lot of suffering in families on the lower end of the income scale. And taking it away has served to perpetuate poverty, because those dollars had been spent in areas and businesses that desperately needed that currency to keep them hiring. And when those jobs disappear, the next slap in the face is dwindling unemployment benefits:


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