On the recordJuly 24, 2014
Mr. Davis, you are a member of the Ways and Means Committee so perhaps we can seek some clarification on the earned income tax credit expansion, which you say you have championed, and that is a very effective antipoverty program, one of the elements in the Ryan antipoverty program that you say is a good feature but you object to the pay-for for the expansion of the earned income tax credit. In order to expand it to folks up to age 64, as he proposes, which is a great idea--and incentives work, because he says a lot of poor people don't want to work--this would enable low-income people to have that subsidy through the Tax Code, as we benefit many corporations that same way. Just recently, the Ways and Means Committee just extended about $618 billion of corporate taxes. I am wondering what the pay-for for these corporate extenders were.
