Forbes: Democrats’ Stimulus Priorities Would Boost Income By 33% For Poorest Americans
media mentionAmid fierce debate among liberal economists over the size of the next federal stimulus bill, a new analysis from the left-leaning Institute on Taxation and Economic Policy found that three of Democrats’ anti-poverty initiatives in the draft legislation—another round of direct payments and major expansions of the child tax credit and the earned income tax credit—would boost income for the poorest 20% of Americans by nearly 33% on average.