"...Cato's calculations are based on what a single mother with two dependents would receive from a full-time job paying the minimum wage versus the value of benefits provided by seven major federal welfare programs, including Temporary Assistance for Needy Families; Supplemental Nutrition Assistance Program; Medicaid; Women, Infants and Children Program; Emergency Food Assistance Program; housing assistance and utilities assistance. The value of benefits is adjusted to account for the Earned Income Tax Credit, its state-level equivalents and the federal Child Tax Credit. (The EITC is a calculated percentage of income based on earnings and dependents that reduces taxes owed by the amount it exceeds the total otherwise due.)"
Read more at The Washington Examiner: http://washingtonexaminer.com/examiner-editorial-cato-study-points-to-overly-generous-welfare-system/article/2534464
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