Tax reform and EIC

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

  1. Atomicsupermeadows
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    Atomicsupermeadows Rookie

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    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
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    busybee01 VIP Member

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    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.
     
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  3. The Irish Ram
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    The Irish Ram LITTLE GIRL / Ram Tough

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    Congrats. Your kids must be very proud...
     
  4. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    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
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    Atomicsupermeadows Rookie

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    They at very proud of me lol. They love me very much. Thank for the kind words
     
  6. Atomicsupermeadows
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    Atomicsupermeadows Rookie

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    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
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    Only one person can get the $1000 child tax credit. There's zero chance EIC is going to be taken away.
     
  8. BulletProof
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    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
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    BluesLegend Platinum Member

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    If illegals were not stealing $5 billion a year in fraudulent EITC refunds there would be more money for Americans.
     
  10. Atomicsupermeadows
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    Atomicsupermeadows Rookie

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    Its 1, 000 per child up to two kids.. The wealthy ex husband has 1 and the working poor father has two.
     

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