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- Introduced by Rep. Phil Cavanagh (D) on February 16, 2012, to increase the state Earned Income Tax Credit, which under current statute is 10 percent of the federal EITC. The bill would double this amount. The EITC is a “refundable” tax credit (or “reverse income tax”) for low income workers, in which the government sends the “taxpayer” a check for the amount the credit exceeds any income tax liability. Past estimates suggest an the increase would cause around $300 million to be redistributed to low income working families each year, vs. around half that under current law.
- Referred to the House Tax Policy Committee on February 16, 2012.
Comments
1) Re: 2012 House Bill 5407 (Increase EITC ) by ruauper2 on April 2, 2012The discussion here tends to center almost exclusively around what is known as the "Protestant Work Ethic". Its supporters enumerate what they think are all its positive aspects while ignoring, forgetting or just not knowing that this "work ethic" is loaded with moral judgements on those who do not abide by its judgements that one who does not meet its work standards is thus unworthy of its benefits. Who gave the pompous and self-righteous license to pass these judgements? Obviously they were thought up a long, long time ago to meet the perceived needs of a select few to extract a full day's work out of someone. The silence is thundering when the question of worker's rights in this outmoded "work ethic" is raised.
Yes, ruauper, if Michigan Republicans really cared about "plain ordinary people," they'd take all money earned by anyone, put it in a big pot, and divide it among all Michigan residents.
Or as Karl put it, "From each according to his ability, to each according to his needs." That's the perfect way to encourage everyone to work as hard as they can, produce more for everyone to enjoy, and really create our own little Utopia, making Michigan the envy of the rest of the country.
Give the poor a break? You've got to be kidding, Republicans only gives breaks to their business buddies, never to just plain ordinary people.
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