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Article: Expanding the Earned Income Tax Credit
- Article from:
- Baltimore Afro-American
- Article date:
- February 18, 2000
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Cardin, Benjamin L.
Baltimore Afro-American
02-18-2000
Expanding the Earned Income Tax Credit
The Earned Income Tax Credit (EITC) was first created in 1975 by President
Gerald Ford as a way of helping low-income working parents earn enough
money to support their dependent children.
Since its inception, it has been expanded to help more low-income, working
families, including those without children. The goal of the EITC is to
reward work by giving a tax credit to low-income families so that their
income can be sufficient to keep them out of poverty.
In 1996, Congress passed a major welfare reform bill that has helped move
millions of Americans off welfare into the workforce. Many of these workers
...