Remaking the Tax Code to Help the Working Poor

By QR Blog Editor 07-08-2013

Through the removal of financial restrictions tacked onto certain marriage policies, President Barack Obama brings hope to low-income couples by acknowledging the financial and moral benefits marriage can have on America's society. Politico reports:

Most benefits for low-income families phase out as income rises. Taken separately, these reductions are understandable and reasonable. But combined, they effectively act as high tax rates — reducing take-home pay for low-income workers — and create a disincentive to work harder. Low-income families can thus find themselves in a situation where receiving a raise or promotion results in losing more in benefits than they receive in additional earnings.

Read more here.
 

Don't Miss a Story!

Get Sojourners delivered straight to your inbox.

Have Something to Say?

Add or Read Comments on
"Remaking the Tax Code to Help the Working Poor"
Launch Comments
By commenting here, I agree to abide by the Sojourners Comment Community Covenant guidelines

Must Reads

Subscribe