Tax debate missing Reagan’s favorite anti-poverty program

News continues to trickle out of the back rooms where House and Senate leaders are discussing big tax cuts for corporations and the wealthy. Left out of the plans the House and Senate are pushing is the continuation of the state Earned Income Tax Credit that helps 900,000 low-wage workers in North Carolina.

A new report from the N.C. Budget & Tax Center shows why allowing the state EITC to expire would be a huge mistake and hurt thousands of families.

Former President Ronald Reagan called the EITC the “best anti-poverty, the best pro-family, and the best job creation measure” that policymakers have come up with.

You would think members of the current legislative leadership, most of whom claim Reagin as their political hero, would be more supportive of a program he so enthusiastically endorsed and expanded.  Not to mention that it is the right thing to do for almost a million low-wage workers and their families in the state.

4 Comments

  1. Doug

    June 21, 2013 at 4:05 pm

    This goes to show you that even the great ones get it wrong once in awhile.

  2. david esmay

    June 21, 2013 at 7:58 pm

    Reagan got it wrong most of the time, if not every time. from uncontrolled deficit spending that made the largest debtor nation in the world, Iran-Contra that made Watergate look like kids getting caught shooting spit balls in school, to over seeing the most corrupt administration since Grant. By the end of the Reagan era 138 members of his administration were in prison, under indictment, or the subject of federal investigations that lead to criminal charges.

  3. Brandt Hardin

    June 22, 2013 at 9:05 am

    His effigy should be burned in the street for selling out the Middle Class to Big Business. Reagan has a legacy so distorted by the Conservative idolization of him that we may never have a clear picture of the real man behind the television set beyond the elaborate myth now concocted around him. Did he really rid the world of commie scum? Did destroy or save our economy? Check out my portrait of The Gipper and help me figure it out on my artist’s blog at http://dregstudiosart.blogspot.com/2011/02/happy-100th-gipper.html with some Cold War Hollywood!

  4. Doug

    June 24, 2013 at 1:38 pm

    well goober, if that is true then you both would have something in common because you get it wrong at least 99% of the time. and I am being charitable with that number allowing you 1%.