New Evidence on Old Idea That Works for the Poor

By Gene Sperling | August 31, 2007

With Labor Day approaching and concerns over economic insecurity and inequality rising, there is an understandable demand for new ideas to bolster incomes for working families.

Yet in the search for something novel, we shouldn't overlook the need to expand old ideas where the evidence is already in. One such old idea is the earned income tax credit, or EITC, a refundable tax credit that provides a wage subsidy for poor Americans.

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This article was originally published in Bloomberg.