Could a tiny improvement in a federal income tax credit considerably reduce people’s importance of predatory payday loans?

Could a tiny improvement in a federal income tax credit considerably reduce people’s importance of predatory payday loans? Two Democrats challenge the payday-loan industry That’s the hope of a new tax bill introduced Wednesday by Sen. Sherrod Brown and Rep. Ro Khanna. Their topline concept would be to massively expand the Earned Income Tax Credit (EITC), which provides low- and americans that are moderate-income subsidy for working. Many attention will concentrate on the price of the legislation, that could run near $1 trillion over ten years, although a precise estimate…

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