On February 20, CA Assemblymember Evan Low (D-Campbell) introduced Assembly Bill 2712 which establishes the California Universal Basic Income (CalUBI) Program as a continuation of former presidential candidate Andrew Yang’s signature Freedom Dividend proposal.
Funded by a 10% Value Added Tax (VAT) on goods & services — which exempt groceries, medicine, clothing, textbooks, etc. —- the bill would give unconditional cash payments of $1000 issued monthly to residents of California over the age of 18 “with the intention of ensuring the economic security of recipients.”
Said Low in an interview with ABC7, “This is an issue that transcends any type of […]
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