© Getty Images The Earned Income Tax Credit (EITC) is a refundable tax credit that provides income support to the working poor and encourages participation in the labor market. It enjoys broad support across the partisan divide, which makes it a rare breed in today’s political landscape.
But it comes with limitations. Importantly, it does not provide any benefits to those without earnings. Now to be sure, the “hump-shaped” benefit profile in the graph below is there for a reason — to encourage work. But this comes with an important cost: Those who may be the most in need of […]
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