This action targets those people that have been using credit cards as a way to purchase at the official rate rather than the black market rate, in effect creating a dualcredit card exchange regime.
The credit cannot be claimed for college credits taken under dual enrollment programs, where high school students are simultaneously enrolled in college courses.
The dual strategy of raising the minimum wage and extending the earned-income tax credit was central to America's anti-poverty fight when Mr Reich was labour secretary.