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Expanding the Earned Income Tax Credit (EITC) for low-paid working adults not raising children in the home, as the COVID relief package before Congress would do on a temporary basis, would benefit hundreds of thousands of American Indian and Alaska Native (AIAN) individuals nationwide, our new analysis shows.
The EITC is a highly successful wage subsidy that’s earned bipartisan support over the years, but the current tax credit largely excludes adults who aren’t raising children (so-called “childless” adults), and it completely excludes young childless adults trying to gain a toehold in the labor market. The proposal approved by the House Ways and Means Committee recognizes that it’s time to begin fixing this glaring flaw and deliver across-the-board assistance to members of our most marginalized communities.
The emergency relief plan that President-elect Biden announced yesterday would expand the Earned Income Tax Credit (EITC) for over 17 million adults not raising children at home who work hard at important, but low-paid, jobs. The EITC is a highly successful wage subsidy that’s earned bipartisan support over the years, but the current credit largely excludes adults who aren’t
Biden Aims for Deal With Republicans on Covid-19 Relief Package
Erik Wasson, Bloomberg News
(Bloomberg) President-elect Joe Biden will seek a deal with Republicans on another round of Covid-19 relief, rather than attempting to ram a package through without their support, according to two people familiar with the matter.
The approach could mean a smaller initial package that features some priorities favored by Senate Republican leader Mitch McConnell. The idea is to forgo using a special budget process that would remove the need to get the support of at least 10 Republicans in the Senate, which will be split 50-50 and under Democratic control only thanks to the vice presidentâs vote.
WASHINGTON Remember the Cares Act, the economic aid bill for a nation hit with a double disaster of the coronavirus pandemic and the resulting depression? The measure that Senate Majority Leader Mitch McConnell, R-Ky.