(DOWNLOAD) "Who's Afraid of Redistribution? an Analysis of the Earned Income Tax Credit." by Missouri Law Review ~ eBook PDF Kindle ePub Free

eBook details

Title: Who's Afraid of Redistribution? an Analysis of the Earned Income Tax Credit.
Author : Missouri Law Review
Release Date : January 22, 2009
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 341 KB

Description

I. INTRODUCTION In the 2008 Presidential campaign, the American public was reminded time and again of the differences in the economic policies of the nominees: John McCain would cut taxes, (2) and Barack Obama would raise them, although only on those earning over $250,000. (3) In the final days of the campaign, the McCain camp accused Obama of proposing "redistribution," and the Obama camp quickly denied that description. (4) So why do presidential candidates run so quickly from the r-word? McCain's senior policy advisor equated redistribution with socialism, (5) but redistribution, in the form of the federal income tax system, is a central tenet of American democracy. Indeed, the very notion of having a tax system at all--in which amounts are collected from certain members of society in order to benefit other members--fits a classic definition of redistribution.