On the Issues
EARNED INCOME TAX CREDIT The earned income tax credit (EITC) is a federal tax credit provided to working families with low to moderate incomes. The credit has been highly successful in assisting persons in low-income families to transition from welfare to work, and each year it helps lift more than four million Americans above the poverty line, approximately half of whom are children. Altogether, the EITC enables about 22 million working Americans to meet a variety of essential needs, from putting food on the table to paying monthly rent to assisting in required educational expenditures.
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