Helping Low-Wage Americans – Wage Based Tax Credits: A New Solution to an Age Old Problem
May 2004
Sixty-five years ago, pharmacies stocked mercury, heroin, and radon as remedies; few people believed that a fungus-based drug called penicillin could cure anything; and the minimum wage was considered our most effective anti-poverty policy. Doctors prescribing mercury today would lose their license, yet the popularity of similarly counterproductive minimum wage increases endures—despite the existence of successful anti-poverty measures such as the federal Earned Income Tax…