Buffett Pushes to Expand Tax Credit to Aid Working Families as Path to Narrow Wealth Gap

• Warren Buffett advocates expanding Earned Income Tax Credit (EITC) to support working families, saying the rich are not responsible for the economic divide

• Buffett argues raising minimum wage and improving education may not effectively or swiftly enough narrow the wealth gap

• EITC benefits over 27 million taxpayers by supplementing income, incentivizing work without distorting market forces

• Bipartisan Child Tax Credit (CTC) compromise could lift 400,000 children out of poverty in first year, benefiting 3 million more by 2025

• People can take action by consulting a financial advisor to understand situations, explore options, and develop strategies towards goals