141. The Earned Income Tax Credit at Age 30: What We Know
- Author:
- Steve Holt
- Publication Date:
- 02-2006
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- The Earned Income Tax Credit (EITC), the nation's largest antipoverty program for working families, plays an important role in the economic life of America's low- income households and communities. It increases the ability of workers in lower paying jobs to support themselves and their families. It represents a large inflow of resources into local economies. It magnifies the importance of the annual tax filing process. The federal EITC turned 30 years old in 2005. During the past 20 years, many states and localities have enacted versions of the federal credit to benefit their own residents. Meanwhile, a new generation of local leaders has emerged to publicize the availability of the EITC and related tax credits for lower-income families and neighborhoods, and to argue for progressive federal tax policies.
- Topic:
- Development, Economics, and Government
- Political Geography:
- America