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May 8, 2014

THEIR VIEW: Start simplifying taxes with earned income

Poverty has many faces. Many of those faces are getting younger.

In some respects, such as helping to lift the elderly from poverty, we have made much progress during the 50-year-old War on Poverty. Social Security and Medicare provide important safety nets for senior citizens.

But the percent of families with children in poverty has grown during the past 50 years, in large part because of the number of single parent homes. Our recent series on poverty in northeast Indiana offers a sobering picture of the struggles of all people in poverty, particularly the “working poor.” The stories also show that with determination and grit people can move forward. To review our April series focusing on poverty in northeast Indiana go to kpcnews.com/news/poverty.

Poverty relief efforts should focus on enabling people to help themselves. However, some people working 40 or more hours a week still can’t make it.

We applaud the churches, individuals and agencies that are helping people to better understand the difference between needs and “wants” and how to make their income cover their needs.

Although many people advocate an increase in the minimum wage to help the working poor, we believe a better approach is the Earned Income Tax Credit. Supporters point to studies that have found that the EITC encourages work, lifts more children out of poverty than any other program and encourages healthy eating.

According to the Institute on Taxation and Economic Policy (itep.org), more than half of the jobs created by the recovery since 2010 are low-paying, mostly in the food services, retail and employment services industries.

The EITC is based on salaries and wages, with limits. For example, for each dollar earned up to $13,650 in 2014, families with two children receive a tax credit equal to 40 percent of those earnings, up to a maximum credit of $5,460 (the maximum credit for families with three or more children is $6,143).

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Editorials
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  • OUR VIEW: Heroin plague spreads into our city We published a report in Friday’s edition of the Pharos-Tribune that delved into the city’s growing problem with heroin.In that report, Logansport Police Detective 1st Sgt. Dan Frye said he doesn’t know how much more LPD officers will be wrestling wi

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  • THEIR VIEW: Companies enjoying U.S. benefits? Pay U.S. taxes The U.S. Supreme Court keeps telling us that corporations are people, but some of these “people” have a curious sense of patriotism.They enjoy making money in the United States. They have a strong market here in a society where their rights and their

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  • THEIR VIEW: Loopholes a mile wide At least Indiana House Speaker Brian Bosma agrees that it’s time to close the loopholes in the ethics policies for state employees.Just how gaping some of those holes are became clear last week, as the State Ethics Commission sorted through the cases

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  • ANOTHER VIEW: Let Indiana's inmates vote Lake County is trying to figure out how to allow incarcerated voters to cast ballots. If you think that’s a bad thing, think again.It’s important to remember that county jails, in many cases, house people awaiting trial. They have the same right to v

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  • THEIR VIEW: Dysfunction doesn't bode well for Pence presidency A window to the future may be unfolding in Indiana.By making appearances around the country and abroad, and speeches on foreign policy and topics only periphally related to Indiana, Gov. Mike Pence seems to be seriously exploring a run for president

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  • OUR VIEW: Corporations are now Average Joes? Do corporations have souls? Can corporations go to church? Can they fast?These aren’t questions one might expect serious adults to pose. But with its earth-shattering pronouncement June 30 in the case of Burwell v. Hobby Lobby, the U.S. Supreme Court

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  • THEIR VIEW: More crime means we have to care more This has been another rough, hectic week for law enforcement.An early morning chase ended Wednesday with an arrest in Pendleton. Elwood police were faced with investigating a death, termed “suspicious” of a 66-year-old woman. A reportedly drunken dri

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  • THEIR VIEW: Students' battery of exams leaves little time for learning Across the country, the backlash grows against standardized tests, with parents, educators, state officials and students proclaiming they’ve had enough.• In May, Oklahoma legislators overturned the governor’s veto of a bill that allows exceptions for

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