“For example, Rubio’s tax policy starts where all Republican plans start. He would simplify the tax code, reduce rates and move us toward a consumption-based system by reducing taxes on investment.But he understands that overall growth no longer translates directly to better wages. He adds a big $2,500 child tax credit that is controversial among conservative economists, but that would make life easier for working families.His antipoverty programs are the biggest departure from traditional Republicanism. America already spends a fair bit of money aiding the poor — enough to lift most families out of poverty if we simply wrote them checks. But the money flows through a hodgepodge of programs and creates perverse incentives. People are often better off over all if they rely on government rather than getting an entry-level job. As Oren Cass of the Manhattan Institute has pointed out, there are two million fewer Americans working today than before the recession and two million more receiving disabilities benefits.”
DL: I worry that the $2500 child tax credit might encourage extra children. It is time the world adopts a two child per couple or individual policy.
Source: The Paul Ryan and Marco Rubio Moment – The New York Times