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Tuesday, October 17, 2017
Jason Furman

Top Obama Advisor Urges Expansion Of Tax Credits To Cut Poverty

When the modern income tax was first instituted in 1913, it was levied on only the top 1 percent of earners, and when the payroll tax was added in 1937, it started at a rate of only 2 percent. As a result, the tax system effectively ignored low-income households. But a steady broadening of the […]

March 19, 2014