Quick Look at Welfare Spending Table 8. 1 shows that welfare spending is a shared expense between the federal and state/local governments Subsidized medical care(mainly Medicaid) exceeded $215 billion in 2000 Cash assistance(including the Earned Income Tax Credit) exceeded $91 billion in2000.5 Quick Look at Welfare Spending • Table 8.1 shows that welfare spending is a shared expense between the federal and state/local governments. • Subsidized medical care (mainly Medicaid) exceeded $215 billion in 2000. • Cash assistance (including the Earned Income Tax Credit) exceeded $91 billion in 2000