Christian Leaders Blast GOP Tax Bill

[Crabtownboy]

Kick the poor and middle class seems to be one of the Republican mantras.

A coalition of liberal Christian leaders blasted a GOP budget plan that would extend Bush-era tax cuts for the wealthy while slashing key provisions for the poor.

The bill, which is being used by both parties as part of election-year jockeying, would slash the Earned Income Tax Credit, which supplements wages of low-income workers, and the Child Tax Credit, which provides up to $1,000 financial support per child for poor working families.

At the same time, the bill would extend Bush-era tax cuts for the highest income earners: individuals earning over $200,000 a year and families earning over $250,000.

http://www.huffingtonpost.com/2012/...-bill_n_1730884.html#s308815&title=Luke_62021

 

[targus]

"A coalition of liberal Christian leaders..."

Enough said...

I'm surprised that Huffington Post was courageous enough to put that fact right out there in the open. :laugh:

 

[InTheLight]

It is wrong for the GOP to slash these tax credits for the poor. Hopefully it is only a negotiating tactic. If it is, it is quite cynical.

 

[targus]

It is wrong for the GOP to slash these tax credits for the poor. Hopefully it is only a negotiating tactic. If it is, it is quite cynical.

The EITC is simply welfare.

Eliminate it and make the payments need based - not just a blanket distribution of taxpayer money.

 

[InTheLight]

The EITC is simply welfare.

Eliminate it and make the payments need based - not just a blanket distribution of taxpayer money.

Isn't the tax break based on income, number of children, etc? Therefore, isn't the needs testing built-in?

 

[targus]

Isn't the tax break based on income, number of children, etc? Therefore, isn't the needs testing built-in?

Not really because there is no asset disclosure.

 

[LadyEagle]

“Technically, only people authorized to work in the U.S. are eligible for the credit, you need a valid Social security number,” said Ed Rubenstein, a financial analyst and economist, speaking at a news conference Tuesday at the National Press Club.

“But identity theft, stolen Social Security numbers, and other scams effectively nullify the restriction. As a result, illegal aliens actually receive the EITC at even greater rates than legal immigrants,” Rubenstein said.

The IRS makes little or no effort to verify the authenticity of Social Security numbers, or existence of dependant children, Rubenstein said.

http://www.siliconinvestor.com/readmsg.aspx?msgid=27976308

 

[mandym]

A coalition of liberal Christian leaders blasted a GOP budget plan

Uh...so what? And I will add who cares?