From the Center for American Progress

What is the Earned Income Tax Credit?

The Earned Income Tax Credit is a refundable federal income tax credit for low-income working individuals and families. When the EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit. Congress originally approved the tax credit legislation in 1975 in part to offset the burden of social security taxes and to provide an incentive to work. The Earned Income Tax Credit was responsible for significant declines in poverty and economic gains during the 1990s, but it can still be strengthened to improve its effectiveness.
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By the Center for American Progress’ David Madland

The unemployment rate jumped in May by half a percent, rising from 5.0 to 5.5 percent, the biggest increase in over 20 years, according to figures released today by the Department of Labor. The last time the unemployment rate increased by this much was February 1986.
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Speaking before activists and community leaders at North
Philadelphia’s Thankful Baptist Church, Senator John Edwards launched
the Half in Ten campaign by calling on Congress, the presidential
candidates, and all Americans to make the fight against poverty a
priority.
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