The challenge is how to provide support to the poor without reducing incentives to work.
Of course, the Earned Income Tax Credit *does* cut poverty. But our official poverty statistics don't reflect that.
Ryan and Obama's identical EITC plans are paid for in dramatically different ways. And that's why they're doomed.
Rep. Paul Ryan (R-Wis.), this week revived his quest to be taken seriously as a "reformist" conservative ("reformicon" is becoming the preferred terminology) by releasing a position paper on refashioning the federal government's poverty programs .
The Illinois Lottery finds itself under scrutiny after a state audit found numerous errors, inaccuracies and incomplete data.
More families with higher incomes could claim the popular child tax credit under a bill that won approval Friday in the House. But in a dispute that divides Republicans and Democrats, millions of the poorest low-income families would still lose the credit in 2018, when enhancements championed by President Barack Obama are set to expire.
The House just passed a Republican bill that would give American families pulling in $160k a $2,200 tax cut, and likely take away $1,725 from those making $14K.
To pay for an expanded EITC, this proposal would eliminate a number of ineffective programs, such as the Social Service Block Grant, the Fresh Fruits and Vegetables Program, the Economic Development Administration, and the Farmers’ Market Nutrition Program. It also would reduce fraud in the Additional Child Tax Credit by requiring the use of Social Security numbers.
Winning the lottery jackpot began at an amusement park for one retired NYPD cop — 16 years ago. Edna Aguayo, who won $1,000 a day for the rest of her life through New York Lottery’s Cash4Life game.
Officials say Massachusetts State Lottery tickets were sold at yet another record-setting pace over the last 12 months.
The Endreson family of Ocean County will split a $20.1 million Pick-6 Lotto jackpot.
A New Jersey woman who hit the $20- million Pick-6 jackpot plans to keep all the money in the family and share the winning with 19 relative.
Elmhurst City Council members Monday approved 10 to 2 another sales tax rebate for a car dealer despite concerns over the amount and length of the deal.
It is something each of us does every year: renew the registration on your vehicle and pay taxes on it. But have you ever wondered how the state appraises your vehicle to determine how much you're taxed?
The Seattle City Council voted Thursday to ask Seattle’s usually generous electorate to vote in November for a $60 car tab fee and 0.1 percent sales tax increase to stave off cuts to Metro bus service within the city.
China has decided to wait its 10 percent purchase tax on electric cars. Electric car sales haven't been stellar recently, but this waiver is the country's policymakers' latest effort to address China's energy independence issues.
Small business owners can reap major tax savings by setting up a home office and buying a very big ‘company car’ SUV, writes Bill Bischoff.
The Arizona Sports and Tourism Authority faces major funding challenges after tax axed.
Credit the Republican-run Ohio legislature and Gov. John Kasich for doubling Ohio's Earned Income Tax Credit this year, but the Ohio EITC needs to be made refundable to give poor working Ohioans its full benefit, the editorial board writes.
IRS data show Bruce Rauner to be one of the 11,000 richest tax filers in the nation, but most of the millions he made in recent years was taxed at 15 percent — less than half the top federal rate for the wealthy, a review of tax documents released by the GOP governor hopeful shows.