Open Access. Powered by Scholars. Published by Universities.®

Business Commons

Open Access. Powered by Scholars. Published by Universities.®

Taxation

Journal

The University of Maine

EITC

Articles 1 - 1 of 1

Full-Text Articles in Business

State Earned Income Tax Credits And “Making Work Pay”: How Maine Might Help Workers, Glenn Beamer Jan 2007

State Earned Income Tax Credits And “Making Work Pay”: How Maine Might Help Workers, Glenn Beamer

Maine Policy Review

Established in 1975, the Earned Income Tax Credit (EITC) became the federal government’s largest antipoverty program for citizens under the age of 65 by the mid-1990s. In this article, Glenn Beamer gives a brief overview of how the program works and how states have piggybacked on the federal EITC to further assist their working poor. He observes that Maine’s EITC policy does not fully avail itself of potential returns and points to other states with policies that provide greater benefits for the working poor. He suggests that expanding Maine’s EITC not only would provide working Mainers with extra income, but …