Credit Vs EITC

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In contrast, expenditures on the Earned Income Tax Credit (EITC) have grown sharply from $5 billion in 1975 to $45 billion in 2005. No other federal antipoverty program has grown so rapidly. The EITC is now U.S.’s most immensely colossal cash antipoverty program. The incentives embedded in the EITC differ from those in AFDC/TANF. AFDC recipients with no earnings received the most astronomically immense welfare payments. In contrast, the EITC inspirits less-adept workers to enter the labor market, since nonearners do not receive the credit and the EITC amount elevates with earnings up to about the impecuniosity
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