8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up

[The New York Times] Two new studies show the effect of the emergency $2 trillion package known as the Cares Act and what happened when the money ran out. WASHINGTON — After an ambitious expansion of the safety net in the spring saved millions of people from poverty, the aid is now […]

[Bloomberg] Even small pay raises can wipe out income-based public aid Policy creates a ‘perverse incentive’ to try to exit poverty Millions of low-income Americans are locked into poverty thanks to U.S. tax policy, Federal Reserve Bank of Atlanta researchers say. About a quarter of lower-income workers effectively face marginal tax […]

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8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up

Tax Burden Equal to 70% Rate Crushes Americans Unable to Pay