[Congressional Record Volume 148, Number 38 (Wednesday, April 10, 2002)]
[House]
[Page H1160]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
EXPANDING EARNED INCOME TAX CREDIT
(Mr. DAVIS of Illinois asked and was given permission to address the
House for 1 minute and to revise and extend his remarks.)
Mr. DAVIS of Illinois. Mr. Speaker, as we approach April 15, the
deadline for filing income tax, I have introduced a bill, H.R. 3742,
legislation to expand the earned income tax credit for childless
workers.
This bill would significantly strengthen the credit's ability to
reward and encourage work for millions of low-income people.
H.R. 3742 would improve the EITC for childless workers in two
important respects. First, it would double the credit percentage to
15.3 percent and extend it to apply to the first $7,000 in wages that a
worker earns. This would provide workers with new relief from the
substantial payroll tax burden they currently bear.
While we await enactment, I would also encourage low-income people to
make sure they file for their earned income tax credit.
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