Economic Stimulus Part 4

Earned Income Credit" Grows
The legislation would expand the "earned income credit" (EIC) to provide a higher tax credit for families with three or more children. Currently, the EIC caps out at 40% of the first $12,570 of "earned income" for families with two or more children. The new legislation would create a new maximum of 45% of the first $12,570 of earned income for families with three or more children