Tagged: EITC

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Investigative
7:30 am
Fri January 28, 2011

Michigan legislature considers tax increase on working poor

Credit Library of Congress
The first federal tax credit for the working poor was signed into law by President Gerald Ford in 1975.

The idea of an Earned Income Tax Credit, giving people who have low-income jobs a bit of a tax break, has been around for a while.  In 1975, a Michigan Republican, Gerald Ford, signed the first federal credit into law while he was president.

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