Summer School 2: How taxes change behavior and the economy
Planet Money
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Empowering Through the EITC
This chapter examines the Earned Income Tax Credit (EITC) and its transformative effects on low-income individuals, using personal stories to highlight its significance as a cash transfer program. With over $60 billion in funding, the EITC not only supports the poor but incentivizes work, showcasing bipartisan approval throughout its history. The discussion contrasts cash assistance with traditional welfare programs, emphasizing the importance of flexible financial support in aiding economic mobility.
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