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University of North Carolina at Chapel Hill the Gain Act Tax Increase to Boost Income Essay

University of North Carolina at Chapel Hill the Gain Act Tax Increase to Boost Income Essay

Question Description

In 2000-2500 words, answer the following question. Papers must use a recognized citation system MLA Format – and must be double-spaced throughout. Use legitimate sources. like 6 max and at least 4

1. In 2017, Senator Sherrod Brown and Representative Ro Khanna introduced joint legislation in the Senate and House to address growing income inequality in the U.S. The Grow American Incomes Now (GAIN) Act substantially expands the Earned Income Tax Credit to raise the incomes of low- and middle-income Americans. The cost of the bill – $1.4 trillion over 10 years – would be funded by raising taxes on high-income earners. What is Rawls’s difference principle? What is Rawls’s argument for this principle? How might Rawls’s difference principle lend support/justify the GAIN Act? Suppose that the GAIN Act would be effective in raising the incomes of low-income Americans and would not substantially disincentivize high-income Americans from performing productive work, would the U.S. Congress act justly by passing it? Why or why not? It will useful to consider how libertarians such as Robert Nozick would object to Rawls’s position.

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