January 26, 2007
HP-231

Paulson, Irs To Push Use Of Credit
Helping Low-Income, Working Americans

U.S. Treasury Secretary Henry M. Paulson, Jr. will join U.S. Treasurer Anna Escobedo Cabral and IRS Commissioner Mark W. Everson on Thursday, February 1 to promote the earned income tax credit (EITC), which has brought millions of low-income, working Americans out of poverty.

A recent Census study found that 4.6 million people – including 2.4 million children – were lifted out of poverty in 2002, thanks to the Earned Income Tax Credit.  The EITC is already the government's largest cash assistance program targeted to low-income Americans. Many taxpayers are eligible but fail to claim the credit.

The Treasury and the IRS will promote EITC Day, a nationwide campaign to promote the EITC and free tax preparation services for working families. Advocates of EITC and free tax preparation sites also will be on hand.
 
Who  
Secretary Henry M. Paulson
Treasurer Anna Escobedo Cabral
Commissioner Mark W. Everson

What  
EITC Awareness Day

When  
Thursday February 1, 2:30 p.m. (EDT)

Where
Department of Treasury
Media Room 4121
1500 Pennsylvania Ave., NW
Washington, DC

Media interested in attending the event at the Treasury Department must have Treasury press credentials or should contact Frances Anderson for clearance at (202) 622-2960 or Frances.Anderson@do.treas.gov with the following information: name, Social Security number, and date of birth.