Episode 451: Why Some People Love Tax Day
Note: Today's show is a rerun. It originally ran in April 2013.
In 2012, a federal program took about $60 billion from wealthier Americans and gave it to millions of working poor. This program — a massive redistribution of wealth — has been embraced by every president from Ronald Reagan to Barack Obama.
On today's show, we look at a huge, often overlooked, surprisingly interesting corner of the tax code: The Earned Income Tax Credit.
For more, see our story A Surprisingly Uncontroversial Program That Gives Money To Poor People.
Music: Aaliyah's "I Care 4 U" and Tony Bennett's "When You Wish Upon A Star." Find us: Twitter/ Facebook/ Spotify/ Tumblr. Download the Planet Money iPhone App.