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ERTC Tax Credit Under Scrutiny
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Overview
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Lawmakers are exploring curbing the employee retention tax credit (ERTC) as part of a bipartisan deal involving about $100 billion in tax breaks for businesses and families, including reversing business tax changes and expanding the child tax credit for low-income households.
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How could expanding the child tax credit for low-income households affect the income distribution and poverty levels?
How might curbing the ERTC impact the job market and employee retention strategies?
What are the potential implications of reversing business tax changes on economic growth and investment?
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