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New Evidence on Old Idea That Works for the Poor
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New Evidence on Old Idea That Works for the Poor

Advancing Racial Equity and Justice, Building an Economy for All, Restoring Social Trust in Democracy, +5 More

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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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Authors

Gene Sperling

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