Monday, April 16, 2012
Working-Family Tax Credits Kept Nearly 5 Million Women Out Of Poverty In 2010
Posted by Linda H on 6:30:00 AM
By Travis Waldron on Mar 30, 2012 at 2:15 pmThe government programs that comprise America’s social safety net have had a profound effect on working families and the unemployed, particularly throughout the Great Recession and the slow economic recovery that has followed. But tax credits, which often go overlooked in discussions on how to prevent poverty, also have a huge impact on working families.
Many working families are now being led by single mothers or women who are primary breadwinners, and according to an analysis from the Center on Budget and Policy Priorities, two primary tax credits are responsible for keeping millions of women and girls out of poverty each year. The Earned Income Tax Credit (EITC), which benefits low-income workers, kept an estimated 3.4 million women above the poverty line in 2010. Add in the Child Tax Credit (CTC), and the number of women who avoided poverty swells to nearly 5 million, CBPP found:
Apple Needs to Make it in America
