Policy Matters Urges Creation of State Earned Income Credit
Posted March 24, 2003 in Press Releases
The Hannah Report
The federal Earned Income Tax Credit (EITC) provides up to $4,204 to working families who earn less than $33,000 per year. The credit enjoys wide bipartisan support because of its proven record in helping reduce poverty, reward work, provide tax relief, stimulate the economy and meet the basic expenses of working families. The federal EITC lifted 4.8 million people above the federally defined poverty line in 2001, more
than any other government program.