A Better Way To Get Money To Low-Income Americans Through The Tax Code

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Here's a better way to get money to low-income Americans through the tax code:

They had jobs in 2019, but they are generally in a precarious financial position and liable to find a job loss or reduced hours to be financially devastating, Maag said.

If Congress decides to send out another stimulus payment and direct it to the EITC population, the process would be relatively simple as far as big relief efforts go. Although it wouldn’t help everyone in that group, it could be supplemented by legislation targeted to people who rely on transfer benefits such as Supplemental Nutrition Assistance Program payments and Temporary Assistance for Needy Families.

 

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