Entrepreneurs, intellectuals and presidential candidates in recent years have touted a “universal basic income,” an unconditional cash benefit for all, as a response to poverty. But in the United States, these conversations never got off the ground. What has the government invented to replace basic income? Fox News . Photo: Shutterstock Instead, something similar in spirit may appear, but cheaper and more practical. US President Joe Biden and Senator Mitt Romney have proposed significantly expanding the child tax credit and removing many restrictions, effectively turning it into a near universal basic income for children.
The main goal of their proposals […]
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