Thursday, May 22, 2014

The simple reason Republicans don’t have an answer on the minimum wage - Vox

The simple reason Republicans don’t have an answer on the minimum wage - Vox: ""The typical pattern for Republicans on minimum-wage increases is to hold out for a while, sometimes even a few years, then acquiesce," writes Ramesh Ponnuru at Bloomberg View. But he thinks there's a better way. In particular, he thinks there are better policies Republicans could propose that would help the same people.

One, he says, would be expanding the Earned Income Tax Credit, "an earnings subsidy that targets poor households much better than the minimum wage does and poses no threat of destroying jobs."

There's only one problem: Republicans oppose expanding the Earned Income Tax Credit. In fact, they're trying to cut it.

The most recent Republican budget lets a stimulus-era boost in the EITC to expire and, on top of that, includes huge cuts to the part of the budget (the "income security budget function," for wonks) that houses the EITC."



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