Claim: Congress has eliminated the child tax credit, the earned income tax credit (EITC), and mortgage deductions from the tax code under pressure from lobby groups and the Koch brothers.
Example: [Collected via Twitter, November 2014]
Are u kidding!? Congress Eliminates Child Tax Credit, Mortgage Deduction & E.I.T.C
Origins: On
According to the article, the child tax credit, the earned income tax credit and the mortgage interest deduction were all forms of "entitlement payouts" that had been eliminated beginning with the 2014 fiscal year to allow "job creators" to flourish:
The move, long championed by entitlement reform advocates like congressman Paul Ryan
The deeply unpopular congress, whose approval rating hovers around a historic low of 10%, has voted to remove the child tax credit, the earned income tax credit and the mortgage interest deduction from the tax code starting with the 2014 fiscal year. The move is almost assured to solidify the perception of the
The article was nothing but a chain-yanking spoof, however: The National Report is a well-known fake news outlet notorious for publishing
The article also quoted economist "Paul Horner" on Congress' purported tax credit repeal. If that name sounds familiar, it's because Paul Horner is a National Report writer whose name is used as a recurring character in various stories published by the site.
Last updated: 13 November 2014
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