Thread by @Noahpinion

Today's @bopinion post is about the EITC, which is awesome, and about @RoKhanna's plan to expand the EITC, which is also awesome.

bloomberg.com/view/articles/…

Here's a picture of how the Brown-Khanna plan would change the EITC. It's a very big expansion, but the cost ($140B/yr) is worth it, given how effective this program is at fighting poverty.

Another idea is to add a modest Universal Basic Income to the EITC. That would keep the EITC's work incentive, but would also provide much-needed income support to people who can't work.

Here are links to studies showing how effective the EITC is at fighting poverty - both by giving people money, and by allowing them to work more.

cbpp.org/research/feder…

The Brown-Khanna proposal isn't a small, incremental, technocratic tweak.

It's a big plan to increase the U.S. safety net, and it has a high likelihood of working.

Adding a small basic income for those who can't work would make it even better.

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