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President-Elect’s Plan Includes Vital EITC Increase for Adults Not Raising Children

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 raising children in their homes, and it completely excludes young childless adults trying to gain a toehold in the labor market. The President-elect’s plan recognizes that now’s the time to fix this glaring flaw.

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Posted in: Grey Literature on 01/30/2021 | Link to this post on IFP |
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