Tag: EITC
To improve low-income households’ economic well-being, the social safety net provides both cash assistance and additional resources to support a better lifestyle – safer housing, more education or training, or healthy but expensive fresh fruits, vegetables, and meats. The health and employment benefits of three programs passed in the 1960s and 1970s – food stamps,…
The Earned Income Tax Credit (EITC) – a refundable credit that rises with earnings up to a point before phasing out – is one of the federal government’s largest poverty reduction programs. The EITC’s design – which yields no benefit to non-workers – has been found to encourage employment among lower-income individuals. This rare combination…
