Enacted in 1975,the "Earned" income tax credit was meant to help eliminate the tax burden on the working poor. However,due to substantial expansions in 1986, 1990, and 1993,it has become another taxpayer funded welfare program.The estimated direct cost of the EITC to the federal government was $56 billion in 2012,13 billion of which was paid fraudulently. It is time to end this taxpayer funded transfer of wealth program or at the very least,repel the expansions that bloated it to this level.



