Category Archives: Income supplements

Blot posts relating to federal income supplements to combat poverty.

A New Website and Video Support Expanded EITC

A new video by Prof. Robert Reich and Inequality Media, contained in a new website by the Economic Security Project, provide much of the background and justification for expanding the federal Earned Income Tax Credit (EITC)to help Americans who are struggling economically (most of us). (The Economic Security Project also appears to promote a Universal Basic Income.)

Here is the video, as reported by Newsweek. The EITC is a proven method of injecting more money into a rural economy.

It is so encouraging and gratifying to have this level of corroboration of the Baker Democrats’ analysis and recommendations appear almost like magic! It has major upside potential to improve economic conditions in Baker County, Oregon as a whole, and the entire United States.

Please note that federal legislation has already been introduced to support this most worthwhile endeavor!

David Brooks endorses wage subsidies.

Out of the blue, conservative NY Times columnist David Brooks endorsed federal wage subsidies for working Americans on the PBS NewsHour on February 22, 2019. He said it somewhat in passing, as if this key concept has become unremarkably mainstream. Can we dare hope that it has?

“I would make a distinction between government that provides a safety net for people who — when bad things happen to them that they can’t do anything about, who are born in less fortunate circumstances.

“So, if you want government to hand checks to seniors through Social Security, sign me up. If you want earned income tax credits to raise the wages of lower earning workers, sign me up. If you want wage subsidies, I’m for all that stuff.”

Federal Income Supplement Legislation

Rep. Ro Khanna (D-San Jose) and Sen. Kamala Harris (D-CA) have introduced multiple legislation to provide federal income supplements to counter existing widespread poverty.

On February 13, 2019, Rep. Khanna proposed legislation that will give American workers a ‘Cost-of-Living Refund’ to compensate for decades of rising costs and stagnant wages.  (This measure was also introduced in the Senate by Sen. Sherrod Brown (D-OH) and Sen. Bonnie Coleman (D-NJ.) ) It would roughly double the Earned Income Tax Credit for working families, increase the credit for childless workers almost sixfold, and make millions more Americans eligible. Roughly 50 million Americans would get anywhere from $3,000 to $12,000 back in their pockets under this provision of the bill.

Sen. Harris’ bill establishes a refundable middle class tax credit of up to $3,000 for individuals and up to $6,000 for married individuals filing joint returns. Taxpayers must be at least 18 years of age to receive the credit and may elect to receive payments of the credit in advance on a monthly basis.

Please contact your members of Congress urging them to support these measures.