Earned Income Tax Credit (EITC)
"Since enactment in 1975, Congress has expanded the federal EITC with bi-partisan support. In tax year 2009, the EITC provided nearly $58 billion in reduced or eliminated tax liability and cash refunds to more than 25 million low-income families."
As galling as the EITC is, that money goes directly into the economy ASAP. For anyone running a business, the EITC is consumer demand. Not just retailers, but a lot of service businesses. Anyone sitting there with receivables knows how many people will wait until they get their *refund* to pay their bill.
If the GOP is blamed for putting low income people into total poverty, we will have all out Communism by popular demand and Greece-style riots in the streets. They will come gunning for conservatives, let alone elect any.
If these cuts were easily done, they would have already been.
We are so far into this command and control, centralized financing of the entire economy that it is like a tumor that has infiltrated major blood vessels and organs. Surgery could kill the patient. I hear so many yelling for that, I can only conclude they think they have nothing left to lose.
We are not going to get any quick and clean resolution to this horrendous mess. We have to hope it only gets _somewhat_ messier instead of all out collapse, which is going to see many, many people broken beyond belief for longer than anyone can imagine. Survival is going to be beyond beans, bullets and gold if that happens.
Be careful what we wish for.