Chicago’s city council might approve a very modest basic income test. A majority of council members back a basic income test proposal, Fox News reported .
The proposed program is very limited in scope; it would provide 1,000 families a $500 monthly stipend. That would cost around $500,000 a month or $6 million a year. That is not much for a government program, and hardly a “universal basic income (UBI).”
The program’s architect Alderman Ameya Pawar wants to modify the Earned Income Tax Credit (EIC) so families receive money each month, The Intercept reported . His hope is to provide a […]
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