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The earned income tax credit targets poverty better than a minimum wage,. States Ben Gitis, a policy analyst at the American Action Forum. A low-income, working family receives a charge based on a fixed percentage of earnings. As earnings increase, the credit increases, reaching a maximum value that is dependent upon the number of children in the family. If a household's tax liability is smaller compared to their EITC, the household receives the full value of the EITC. The EITC developed in......Read More
President Obama made a proposal to raise the minimum wage money to $9 a hour and index it in line with inflation. A commission of $9.00 a hour is not in line with inflation. This proposal was instantly looked down upon by the top Republicans including Speaker John Boehner (R-OH) and Rep. Paul Ryan (R-WI), that claim this brand new wage money can kill jobs and harm tiny businesses. The Uniformed Commercial Code, U.C.C., in a nutshell, defines Money as: Any other form of payment recognized by the......Read More
"Raising minimum wage risky," the Lexington Herald-Leader tersely warned. "Raising minimum wage strikes low-skill workers," the Detroit News bluntly announced. "Even left-leaning economists say it is a gamble," Vox solemnly cautioned. We've been raising the minimum wage for 78 decades, and as a fresh study clearly reveals, 78 decades of minimum-wage lifts have generated zero evidence of the "Job-killing" consequences these headline writers want us to fear. In a first-of-its-kind report,......Read More
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