Welfare reform's hidden ally: part of the praise given to welfare reform properly belongs to the Earned Income Tax Credit. (Income).
American Prospect, The, July, 2002 by Greenstein, Robert
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THE EARNED INCOME TAX Credit (EITC) lifts more children out of poverty than any other social program in America--indeed, more than all other means-tested benefit programs combined. That's because it provides a substantial tax credit for low-income working parents, which is also refundable. That is, it is paid in full to them whether or not they owe income taxes. Last year, 16 million low-income families with children received $30 billion under this federal tax program.
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The amount a family receives depends on its earnings and whether it has one or more children. Currently, a ...
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