Clinton administration EITC plans for 2000
(The following is quoted from the White House internet site.)
THE WHITE HOUSE
Office of the Press Secretary
| For Immediate Release | January 12, 2000 |
PRESIDENT CLINTON PROPOSES TO EXPAND THE EARNED INCOME TAX CREDIT IN ORDER TO INCREASE THE REWARD FOR WORK AND FAMILY
Today President Clinton Will Announce, in his Address to the Democratic Leadership Council, A New $21 Billion Plan to Expand the Earned Income Tax Credit -- A Key Part of His “New Opportunity Agenda.” The President’s proposal would expand the Earned Income Tax Credit (EITC) to provide tax relief for 6.4 million hard-pressed working families. The expansion will cost about $21 billion over 10 years.