Posted 1/29/2024, 8:30:28 PM
Taxing Wealthy More Could Fund Programs Lifting Up Low-Income Americans
- Address income and opportunity inequality by promoting economic equality and providing funding for social programs to benefit low-income individuals
- Expand government tax credits like the Earned Income Tax Credit and Child Tax Credit which help lift people out of poverty
- Overhaul tax rates so the wealthiest pay a higher percentage than low-income working classes, rather than the current reversed trend
- Offset billions avoided each year through tax breaks, avoidance schemes and tax haven transfers
- Fund programs to provide tools and opportunities for those with fewer resources to improve their economic circumstances