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How large is this form of a tax credit in comparison to the fixed, permanent credit described above?
Consider a policy in which an annual fixed tax credit is introduced at the same time that pollution taxes are increased.
Because of design flaws and implementation problems, the scheme was thereafter administered as a refundable tax credit.
Reforming housing benefit for private tenants and tax credit recipients.
After much lobbying, the option to have the tax credit paid directly to a non-earning member of the couple was established.
The concept of a tax credit (as distinct from a social security benefit) by and large had little meaning.
Initially, the tax credit was only available to working families with dependent children.
The tax credit, he argued, should be aimed at the current or potential welfare population, not poor workers as a whole.
However, even accepting the theoretical possibility of inefficient exit with some kinds of tax credit programs, a second question is its relevance to policy.
The higher tax combined with a tax credit changes the incentives without necessarily changing the amount of money paid by the firm.
He would provide $7,500 and $15,000 (for families) tax credit to purchase health insurance.
Expansion was also demand led, with subsidies provided for low-income families through childcare tax credit to purchase market-based registered services.
The implementation strategy through budget accords and the tax credit funding structure continued to work in the program's favour.
In 1998, the maximum tax credit for a family with two or more children reached $3,756 and the phase out was over $30,000.
Economic experts know that many current ideas and policies-from monetary policy rules to the earned-income tax credit-can be traced to his original proposals.
