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Linder introduces bill that would save the American taxpayer $1.1 billion over next decade
July 29, 2010
Contact: Jennifer Drogus
Washington, DC – On July 29, 2010, Representative John Linder (R-GA) issued the following statement on H.R. 5885, a bill he introduced that would repeal the Advance Earned Income Tax Credit (AEITC) and save the American taxpayer $1.1 billion over the next decade.
“H.R. 5885 would eliminate the component of the EITC for low-income workers which is underutilized and overly abused by making it consistent with other refundable tax credits. This bill aligns with my desire to reduce government waste and streamline the tax code and requires all beneficiaries to claim the EITC at the end of the tax year, as 97 percent of recipients already do.”
By incorporating a slight change to the EITC as recommended by the Government Accountability Office and even President Obama, H.R. 5885 provides the dual benefit of saving taxpayers over a billion dollars while simplifying our tax code.
The measure was the winner of the Republican Whip’s “YouCut” initiative, which allows the public to vote on a weekly cost-saving measure to bring to the House Floor for a vote. Despite previously garnering bi-partisan support, a vote to adopt this sensible reform failed.
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