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re: .
Posted on 7/21/14 at 3:45 pm to Asgard Device
Posted on 7/21/14 at 3:45 pm to Asgard Device
quote:
What if the government decided to stop spending money on welfare and switch to a tax credit program.
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Posted on 7/21/14 at 6:33 pm to SpidermanTUba
quote:
LINK
I'm not sure what you're laughing at. EITC is indeed a tax credit but it is generally paid for by the government (if it exceeds liability).
There are tons of welfare/entitlement programs out there that are paid for out of the treasury and are not paid for through tax credits. We could move to an entirely tax credit-based system. You wouldn't need to even put any of these welfare programs in the budget, because it'll all be handled through credits.
I thought this board was in favor of tax credits. Its just the government collecting less taxes.
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