Tag: EITC

Tax credit cuts will make Britains work much harder – like Chinese or Americans – British Health Secretary tells the poor

~ Fred Donaldson ~ 2 Comments

British Health Secretary Jeremy Hunt thinks the British don't work hard enough because they have too generous tax credits - a benefit similar to the U.S. Earned Income Tax Credit (EITC). Hunt seemed like a money-grubbing rich person when he explained: “My wife is Chinese. We want this to be one of the most successful … Continue reading Tax credit cuts will make Britains work much harder – like Chinese or Americans – British Health Secretary tells the poor

Earned Income Tax Credit (EITC) is a boon for corporations, blatant welfare for companies that underpay their workers

~ Fred Donaldson ~ 6 Comments

It's budget season time again. The Washington Post and NYT have already published their obligatory stories on why we need to "reform" Social Security, Medicare and Medicaid, because if not, we won't have hardly any money left to spend on military and discretionary programs. Fox and NBC stations this week said we must "deal" with … Continue reading Earned Income Tax Credit (EITC) is a boon for corporations, blatant welfare for companies that underpay their workers