A Simple Fix to Address Income Inequality
“Politicians on both sides of the aisle recognize the EITC’s success. It benefits more than 25 million households, improving labor force participation, health and education. Without it, the child poverty rate would be more than 7 percentage points higher, at 24 percent. About 80 percent of qualified households claim the credit, compared with take-up rates of between one-third and two-thirds for other targeted programs.”