So admits the liberal Tax Policy Center, here:
Each year the earned income tax credit (EITC) and the child tax credit (CTC) deliver more than $109 billion of cash assistance, mostly to families with children.
There's corporate welfare, and then there's . . . well . . . welfare!
By contrast, the mortgage interest deduction costs the Feds about $88 billion in lost tax revenue annually.
And the rich don't pay Social Security taxes on any compensation beyond $107,000 in wages and salary each year. I estimate that loss to the Treasury at about $100 billion annually.
So, Solomon, which is worse?
