Earned Income Tax Credit

Brian Mackey/WUIS

  With less than a week remaining in the Illinois General Assembly's spring session, advocates are still working to double the state's tax credit for the working poor.

Advocates say the Earned Income Tax Credit is more effective at lifting people out of poverty than welfare or raising the minimum wage.

More than 900,000 Illinois workers receive the state's version of the EITC, which is currently worth 10 percent of the federal version of the credit.

Courtesy of ILGA.gov

  Efforts to raise the minimum wage have been getting a lot of attention, but it's not the only proposal intended to improve the lives of the working poor. Following the call of Gov. Pat Quinn, some lawmakers want to double Illinois' tax credit for low income workers.

The earned income tax credit began as a federal program, signed into law by President Ronald Reagan.

Illinois added its own state tax credit later. It's aimed at helping people work their way out of poverty by increasing their spending power.