The Tax Foundation has a new study out on the effect of eliminating the Earned Income Tax Credit and replacing it with an across-the-board income tax rate cut of 5.7 percent. It says that would boost GDP by $125 billion a year and boost federal revenues by $29 billion a year. It doesn't say what the distributional effect of the change would be, and while it says the change would "increase employment by the equivalent of approximately 783,000 full-time workers," it doesn't say over what period of time that increase would be, and how much would be new jobs or how much would be additional hours worked by people with existing jobs.
Tax Foundation Earned Income Tax Credit Study
https://www.futureofcapitalism.com/2013/08/tax-foundation-earned-income-tax-credit-study
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