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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (860094)	5/26/2015 3:33:49 PM
From: gronieel2	Read Replies (1) \| Respond to of 1574127

Warren Buffett advocates a “major and carefully crafted expansion of the Earned Income Tax Credit” over raising the minimum wage in a Wall Street Journal commentary published Friday, saying this is a “better answer” to the widening economic gap between those living the American dream and those living an “American Nightmare.” Any plan to increase the minimum wage “would almost certainly reduce employment in a major way,” he writes. “In essence, the EITC rewards work and provides an incentive for workers to improve their skills. Equally important, it does not distort market forces, thereby maximizing employment.” He suggests several ways to improve the EITC, including stiffening penalties for fraud, and instituting monthly payments instead of annual. Read Buffett’s commentary at WSJ.com.