Yes, America Can Afford to Dramatically Reduce Poverty and Increase Opportunity
A new report from the Center for American Progress outlines four proposals to reduce poverty and expand opportunity for low-income Americans that the authors argue would cost less than current tax breaks for corporations and the wealthy. Yes, America Can Afford to Dramatically Reduce Poverty and Increase Opportunity argues that policies such as expanding the Earned Income Tax Credit and Child Tax Credit, boosting the SNAP program to reduce food insecurity, and increasing spending on housing assistance and child care would make a significant dent in the poverty rate at a feasible cost to the federal government. The authors contend that these reforms would cost less than current policies which mostly benefit the wealthy, such as estate tax breaks and tax-free profits on home sales.