T07-0328 - Earned Income Tax Credit Provisions in H.R. 3970: The Tax Reduction and Reform Act of 2007, Static Impact on Individual Income Tax Liability and Revenue ($ billions), 2008-17
2008-17 Static impact on individual income tax liability for the earned income tax credit provisions in H.R. 3970, The Tax Reduction and Reform Act of 2007. EITC provisions in the bill increase the phase-in and phase-out rates for the childless EITC to 15.3 percent and increase the phase-out threshold for the childless EITC to $10,900 in 2008 (indexed for inflation). Addenda show the number of childless EITC claimants under three different scenarios.