Tax reform and EIC

Discussion in 'Politics' started by Atomicsupermeadows, Sep 13, 2017.

  1. Atomicsupermeadows
    Offline

    Atomicsupermeadows Rookie

    Joined:
    Sep 13, 2017
    Messages:
    17
    Thanks Received:
    2
    Trophy Points:
    1
    Ratings:
    +6
    The word is some republicans want to take away EIC from the working poor. Do you support this move and why? It no longer affects me becuase I gave my ex's custody of the kids as I am homeless and struggling with PTSD, bi polar an Bpd. They work full time.. One is wealthy the other working poor. Both apply for the 1, 000 tax credit for each child.
     
  2. busybee01
    Offline

    busybee01 Gold Member

    Joined:
    Feb 12, 2017
    Messages:
    3,959
    Thanks Received:
    453
    Trophy Points:
    150
    Ratings:
    +2,316
    Not going to happen. There will be more than enough Democrats and moderate Republicans to block this. Ronald Reagan was a big supporter of the EITC.
     
    • Agree Agree x 1
  3. The Irish Ram
    Offline

    The Irish Ram LITTLE GIRL / Ram Tough

    Joined:
    Apr 10, 2011
    Messages:
    13,823
    Thanks Received:
    3,298
    Trophy Points:
    280
    Location:
    diagonally parked in a parallel universe
    Ratings:
    +13,104
    Congrats. Your kids must be very proud...
     
  4. Dont Taz Me Bro
    Offline

    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

    Joined:
    Nov 17, 2009
    Messages:
    37,059
    Thanks Received:
    8,013
    Trophy Points:
    1,370
    Location:
    Las Vegas, Nevada
    Ratings:
    +24,699
    Yes, the EIC should go away. Nobody should get back more than they pay in taxes.

    If you're homeless, how are you on the Internet?
     
  5. Atomicsupermeadows
    Offline

    Atomicsupermeadows Rookie

    Joined:
    Sep 13, 2017
    Messages:
    17
    Thanks Received:
    2
    Trophy Points:
    1
    Ratings:
    +6
    T
    They at very proud of me lol. They love me very much. Thank for the kind words
     
  6. Atomicsupermeadows
    Offline

    Atomicsupermeadows Rookie

    Joined:
    Sep 13, 2017
    Messages:
    17
    Thanks Received:
    2
    Trophy Points:
    1
    Ratings:
    +6
    I get social security disability for mental illness. I have no bills except internet. I live in a family shelter and I have a 2001 Saturn to charge my phone.
     
  7. BulletProof
    Offline

    BulletProof VIP Member

    Joined:
    Jul 27, 2017
    Messages:
    2,071
    Thanks Received:
    157
    Trophy Points:
    65
    Ratings:
    +1,099
    Only one person can get the $1000 child tax credit. There's zero chance EIC is going to be taken away.
     
  8. BulletProof
    Offline

    BulletProof VIP Member

    Joined:
    Jul 27, 2017
    Messages:
    2,071
    Thanks Received:
    157
    Trophy Points:
    65
    Ratings:
    +1,099
    We should eliminate EIC and raise the child tax credit to $2000/child, with none of it refundable beyond 20% of earned income.

    This would reduce fraud, eliminate the incentive to work less, and eliminate the marriage penalty, while still maintaining "welfare" to the working poor vs. EIC. And, effectively, their payroll taxes will cover nearly all of their refund.
     
  9. BluesLegend
    Offline

    BluesLegend Platinum Member

    Joined:
    Sep 7, 2014
    Messages:
    25,559
    Thanks Received:
    4,537
    Trophy Points:
    1,010
    Location:
    Trump's Army
    Ratings:
    +27,232
    If illegals were not stealing $5 billion a year in fraudulent EITC refunds there would be more money for Americans.
     
  10. Atomicsupermeadows
    Offline

    Atomicsupermeadows Rookie

    Joined:
    Sep 13, 2017
    Messages:
    17
    Thanks Received:
    2
    Trophy Points:
    1
    Ratings:
    +6
    Its 1, 000 per child up to two kids.. The wealthy ex husband has 1 and the working poor father has two.
     

Share This Page