AEIdeas
August 07, 2024
Last week, the Senate rejected a child tax credit revision that had bipartisan House support. It would have enabled more of the credit to be refundable to families with no employment income. Republican senators voted against it because they believed that providing unconstrained income to poor households would reduce their work effort.This was one of the outcomes of a recently concluded comprehensive study on the effects of a universal basic income in which $1,000 per month was given to poor households for three years. The study estimated , “Recipients of the cash transfers worked 1.3 to […]
Full Post at www.aei.org