Could a tiny improvement in a federal income tax credit somewhat reduce people’s significance of predatory payday loans?
That is the hope of a tax that is new introduced Wednesday by Sen. Sherrod Brown and Rep. Ro Khanna. Their topline concept would be to massively expand the Earned Income Tax Credit (EITC), gives low- and americans that are moderate-income subsidy for working. Many attention will concentrate on the price of the legislation, which may run near $1 trillion over a decade, although an estimate that is exactn’t available. Continue reading “Let me make it clear about Two Democrats challenge the payday-loan industry”