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The cut, which saves $1.9bn over five years, aims to "encourage workforce participation" by primary carers.
It would be a very odd move for a government to spend nearly $1.5bn to encourage workforce participation, and then spend the same amount again to use the income tax system to discourage people from going back to work and earning an income.
Glen says rented housing makes sense, both to encourage workforce mobility and to promote long-term affordability whereas making home ownership more affordable makes no "long-term dent" in the housing crisis "The problem is if you don't do affordable housing as rental housing by definition you're going to lose that unit unless you have incredibly aggressive enforcement on resale.
Defining his six principles, Hockey says tax reform should: align revenue raising capacity to government responsibilities; promote a stronger economy; be fit for purpose in the modern economy; encourage workforce participation and ensure families control their own money; avoid taxing people until they have earned the income; and encourage innovation and opportunity.
Health reform provided a perfect opportunity to promote and encourage workforce improvement.
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On the one hand, it encouraged workforce participation, particularly for low-to mid-income women.
A more meaningful and, long-term, response to alleviating poverty and income inequality requires investments in human capital and training, encouraging workforce participation, and stemming the decline in traditional, stable family structures, which is highly correlated with poverty and adverse economic outcomes across generations.
The effort will be centered on encouraging workforce training partnerships between businesses and schools, and apparently will not include additional federal money.
The EITC is such a tax incentive; as extensive research has found, it strongly encourages workforce participation while also fighting poverty and boosting children's long-term educational attainment and earnings.
In the Czech Republic (22), Latvia (35) and Estonia (23), governments have invested in training and education for older people to encourage greater workforce participation.
The main contract company, Jacobs, and Total have repeatedly sought to encourage the workforce to return to work so proper negotiations can take place.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com