Federal Reserve Bank of San Francisco

Community Development

Community Investments Vol 21, Issue 1
Beyond Lump Sum: Periodic Payment of the Earned Income Tax Credit


Spring 2009

Community Investments

Over the last two decades, public policies designed to provide income support to impoverished households have shifted focus to encourage and support work. As a result, the tax system has become as important as the welfare office in supporting the poor, as evidenced by the nation’s largest anti-poverty program for working families: the Earned Income Tax Credit (EITC).

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