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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.08-0.8%Nov 18 4:00 PM EST
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To: flatsville who wrote (59360)9/25/2000 12:21:10 PM
From: Les H  Read Replies (2) of 99985
 
OT - EIC uses the national median income as its basis. You tell me how applicable that is to someone in Oklahoma City or Cedar Rapids versus someone living in New Jersey or Orlando. The living costs and expected income is considerably different. You also have the problem of applying the benefits to people who work in a regular W2 basis versus those who are in the cash off-the-books economy.

It's more small business welfare and probably subsidizes businesses that utilize day laborers, restaurants, and others who can pay below minimum wage legally or illegally.
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