A bill to amend the Internal Revenue Code of 1954 to liberalize the earned income credit.

Amends the Internal Revenue Code to increase from ten to eleven percent the rate of the earned income credit. Increases the maximum allowable dollar amount of such credit and the income eligibility ceiling.

Repeals provisions of the Social Security Act which include the earned income credit in determining entitlement to Aid for Dependent Children and Supplemental Security Income benefits under such Act.