How Obama’s New Tax Plan Discriminates Against Stay-at-Home Parents
President Obama’s new tax plan, which he discussed in part in the State of the Union, lays out new proposals that he claims would help low- and middle-income families. These included a new tax credit program for dual-earner families and an expansion of the Earned Income Tax Credit (EITC) program for single, childless adults. He also proposed a substantial increase to the child care tax credit. Unfortunately, Obama’s proposed policies do not deal with fraud, which is rampant in refundable EITC. Nor do his proposals address the problem of refundable tax credits (which are really cash welfare) to able-bodied individuals who perform little work…Read More
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