Fix The Tax Code Friday: What Should We Do About The Earned Income Tax Credit (EITC)?
Warren Buffett was in the news again for suggesting that rather than raise the minimum wage, we should tackle the income gap through tax policy. Specifically, Buffett recommended modifying (likely expanding) the earned income tax credit (EITC). The EITC is a refundable federal income tax credit targeted to low to moderate income working individuals and…