FOXNEWS The Journal Editorial Report June 4, 2024 20:13:00
Years, and so now it's about a $50 billion a year worth of these refundable tax credits. paul: what about the impact of this particular tax provision on economic growth? republicans have long sold tax cuts as contributing to growth, i think fairly so. but does this do the same thing as, say, an income tax cut? >> well, good tax policy should promote economic growth, higher wages and better living standards. but tax credits don't do that. they are simply a income transfer. so in some cases they can actually reduce the incentives to work. new studies have found that expanding this tax credit to ...