VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/18/13 -- The Fraser Institute will release a new report examining the economic consequences of extending low-income tax benefits to middle earners on Tuesday, March 19 at 6:30 a.m. (Eastern).
"The explosion in eligibility for federal tax credits in the U.S., particularly the Earned Income Tax Credit and the Child Tax Credit, has increasingly sheltered middle-income families from contributing even nominally to society's overall tax bill," said Jason Clemens, Fraser Institute executive vice-president and co-author of Tax Payers and Tax Takers.
"This is a warning for Canada, which implemented two similar tax credit programs and has already expanded both of them."
A news release with additional information will be issued via Marketwire at 6:30 a.m. (Eastern) on Tuesday, March 19.
The full report will also be available as a free PDF download at www.fraserinstitute.org.
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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 86 think-tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org.
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