According to new Census data, 6 temporary government programs, initiated in 2009 (before this happened), kept nearly 7 million Americans out of poverty in 2010. These effects are separate from the poverty reduction that resulted from measures preventing a deeper economic downturn with a greater loss of jobs. Specifically:
- Expansions in the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC) kept 1.6 million people out of poverty.
- The Making Work Pay tax credit, which expired at the end of 2010, kept another 1.5 million people out of poverty.
- Expansions in the duration and level of unemployment insurance benefits kept 3.4 million people out of poverty.
- Expansions in SNAP benefits (formerly called food stamps) kept 1.0 million people out of poverty.
Check out all of the analysis here.