In December 2015, Congress passed tax legislation that saves key provisions of the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) before they expired. If these provisions had expired, 16 million people, including 8 million children, would have fallen into or deeper into poverty.
The EITC and CTC kept 9.8 million Americans out of poverty in 2014. House Speaker Ryan and President Obama have proposed to expand the EITC for low-wage workers who don’t claim dependents. This would benefit 13.5 million Americans, including 1.5 million non-custodial parents, lift 500,000 hardworking Americans out of poverty, and reduce the depth of poverty for another 10.1 million.
Let's build on this bipartisan momentum to expand the EITC!