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Subject:  Re: Earned income tax credit & Repubs Date:  10/3/2012  11:53 AM
Author:  ModernViking Number:  1820503 of 2229739

Importantly, the poor spend this money on necessities, increasing the velocity of money in the economy. Repeal of the earned income tax credit would slow the economy, which is just above stall speed.

Same goes for the mortgage interest deduction.

Repeal of that would be a financial calamity for numerous middle class taxpayers.
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