With the massive 2020 presidential campaign rollout from Sen. Kamala Harris, D-Calif., on Jan. 27 will come more talk of one of her policy proposals: the LIFT Act , a $500 monthly tax credit to help struggling working families. It is not quite a basic income, a sum of cash paid out monthly to citizens as a modern form of welfare and income redistribution, but it comes very close. Combined with the not-quite-basic-income proposal from candidate Sen. Cory Booker, D-N.J., — “baby bonds” that give $1,000 to newborns, and supplementary deposits to children of poorer families, that will grow […]
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