Finance: Faculty Publications

Our Economic Times: EITC and Minimum Wage Most Effective Together

Document Type

News Article

Publication Date

3-2014

Publication Title

Savannah Morning News

Abstract

This column was published in Savannah Morning News.

The great debate on poverty reduction in America has pivoted towards the relative impact of expanding the Earned Income Tax Credit (EITC) versus raising the minimum wage. President Obama's recent proposed budget to Congress included provisions for both. Motivated by the increasing income gap across the U.S. population, consideration of these two proposals will certainly shape future economic policy even if they are unlikely to be passed this year let alone implemented and take effect. The EITC is aimed at benefiting working individuals with low to moderate income through tax credits...

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