Reps delaying EITC

[Brad De Long]

>[This is ridiculous; the government is running in the black and they do this.]
>
>Wall Street Journal - September 14, 1999
>
>GOP BUDGETEERS TRY TO DELAY TAX-CREDIT PAYMENTS TO POOR
>
>By DAVID ROGERS
>Staff Reporter of THE WALL STREET JOURNAL
>
>WASHINGTON -- House Republicans are considering a plan to delay
>billions of dollars in tax-credit payments to poor families to help
>offset spending elsewhere for education and social services next year.
>
>Earned-income tax credits, which cost about $30 billion annually, are
>typically distributed in lump-sum payments between January and May as
>individuals file tax returns. The proposal would make the payments on
>a monthly or quarterly basis over 12 months and push a portion of the
>costs past Oct. 1 next year and into fiscal 2001.

Sick, sick, sick...

But don't forget that it was my ex-boss Mr. Clinton who signed on to 
the discretionary spending caps that the Republicans are now trying 
to wriggle out from under.

Brad DeLong