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Where Can I Look To Find Out When Earned Income Credit Was Enacted AND

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ChiciB1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-08-11 10:39 AM
Original message
Where Can I Look To Find Out When Earned Income Credit Was Enacted AND
by whom? My husband has a friend who says Republicans passed this legislation, but I can't find the bill or when it was passed. Anyone have an HR number for this?

It must be somewhere. I went to the IRS page but see nothing about how & when?

May be an issue that will be hard to find... just don't know.

Thanks!
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Dennis Donovan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-08-11 10:41 AM
Response to Original message
1. per wikipedia:
Enacted in 1975, the initially modest EIC has been expanded by tax legislation on a number of occasions, including the widely-publicized Reagan Tax Reform Act of 1986, and was further expanded in 1990, 1993, and 2001, regardless of whether the act in general raised taxes (1990, 1993), lowered taxes (2001), or eliminated other deductions and credits (1986).<3> Today, the EITC is one of the largest anti-poverty tools in the United States (despite the fact that most income measures, including the poverty rate, do not account for the credit).

http://en.wikipedia.org/wiki/Earned_Income_Credit
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ChiciB1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-08-11 10:49 AM
Response to Reply #1
2. THANK YOU SOOOOOOOOOOO Much! This Helps A Lot... I Feel DUMB
because I should have thought of wikipedia! Where am I?

So WHY do the Repukes want this repealed now when it was THEIR God who helped enact this??

What a crazy, crazy bunch of people!
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-08-11 11:00 AM
Response to Original message
3. The EITC Was Passed Under Gerald Ford
Edited on Sat Oct-08-11 11:01 AM by On the Road
Enacted in 1975, the initially modest EIC has been expanded by tax legislation on a number of occasions, including the widely-publicized Reagan Tax Reform Act of 1986, and was further expanded in 1990, 1993, and 2001, regardless of whether the act in general raised taxes (1990, 1993), lowered taxes (2001), or eliminated other deductions and credits (1986).

http://en.wikipedia.org/wiki/Earned_Income_Tax_Credit


In 1975, Congress had a Democratic majority in the House, so the bill had to pass Democratic committees. Looks it was enacted as as alternative to a Nixon proposal that didn't pass. Here's the bill itself. Seems to have been sponsored by Rep. Al Ullman, a Democrat from Oregon.

It's not entirely wrong to associate Republicans with the EITC. It fits with what used to be the Republican philosophy of rewarding work: rather than get welfare for not working, the EITC gave assistance on a sliding scale to those people who did work. Reagan, for example, championed and expanded the EITC. Seemed like a perfect bipartisan law. Now, however, it is just likely to be referred to as a 'free lunch' and associated with liberals.
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