Growth In Means-Tested Programs And Tax Credits For Low-Income Households

February 1, 2013
In February 2013, the Congressional Budget Office (CBO) released a report detailing trends in federal spending on ten major means-tested programs and tax credits, which provide cash payments or assistance in obtaining health care, food, housing, or education to people with relatively low income or few assets. Programs included are: Medicaid; The low-income subsidy (LIS) for Part D of Medicare (the part of Medicare that provides prescription drug benefits); The refundable portion of the earned income tax credit (EITC); The refundable portion of the child tax credit (CTC); Supplemental Security Income (SSI); Temporary Assistance for . . .