lpetrich
Contributor
Or "Welfare for All".
The idea is not a new one, and it has gone under names like "negative income tax".
Andrew Yang made a Universal Basic Income a centerpiece of his Presidential campaign. The Freedom Dividend, Defined - Yang2020 - Andrew Yang for President - "Andrew Yang is running for president as a Democrat in 2020 to implement a guaranteed income. This form of basic income that he is proposing for the United States is a set of guaranteed payments of $1,000 per month, or $12,000 per year, to all U.S. citizens over the age of 18. Yes, that means you and everyone you know would get $1,000/month every month from the U.S. government, no questions asked."
Rashida Tlaib basic income: her new bill for guaranteed cash payments, explained - Vox
H.R.3590 - 116th Congress (2019-2020): Building Our Opportunities to Survive and Thrive Act of 2019 | Congress.gov | Library of Congress - Rashida Tlaib's bill - the BOOST Act
The idea is not a new one, and it has gone under names like "negative income tax".
Andrew Yang made a Universal Basic Income a centerpiece of his Presidential campaign. The Freedom Dividend, Defined - Yang2020 - Andrew Yang for President - "Andrew Yang is running for president as a Democrat in 2020 to implement a guaranteed income. This form of basic income that he is proposing for the United States is a set of guaranteed payments of $1,000 per month, or $12,000 per year, to all U.S. citizens over the age of 18. Yes, that means you and everyone you know would get $1,000/month every month from the U.S. government, no questions asked."
Rashida Tlaib basic income: her new bill for guaranteed cash payments, explained - Vox
S.3712 - 115th Congress (2017-2018): LIFT (Livable Incomes for Families Today) the Middle Class Act | Congress.gov | Library of Congress - Kamala Harris's billRep. Rashida Tlaib (D-MI) is still in her first six months in office, but she has already unveiled one of the most fascinating bills of the 116th Congress: a $3,000-per-adult basic income.
Known as the LIFT+ Act, Tlaib’s proposal is almost identical to the LIFT Act introduced last year by Sen. Kamala Harris (D-CA). Harris proposed creating a new credit (worth $3,000 for singles and $6,000 for married couples) for the working poor to supplement the earned income tax credit.
Harris’s credit phases out starting at $30,000 for singles without kids and at $60,000 for married couples and singles with kids. For low earners, it phases in dollar for dollar: If you earn $0, you get $0 in benefit. If you make $1,000 a year, you get an additional $1,000 from the LIFT Act. If you make $2,000, you get another $2,000, and so on, until you hit the $3,000/$6,000 maximum for singles and marrieds, respectively.
Tlaib’s plan is the same as the Harris plan with one extremely important exception: no phase-in. Under Harris’s plan, if you earn $0, you get $0. Under Tlaib’s plan, if you earn $0, you get $3,000 per person. No exceptions.
H.R.3590 - 116th Congress (2019-2020): Building Our Opportunities to Survive and Thrive Act of 2019 | Congress.gov | Library of Congress - Rashida Tlaib's bill - the BOOST Act
