How would Andrew Yang give Americans $1,000 per month? With this tax

How would Andrew Yang give Americans $1,000 per month? With this tax

As Andrew Yang takes his place among the top 10 Democratic presidential candidates during a debate in Houston this week, the entrepreneur’s central campaign proposal — and the new tax he wants to use to pay for it — could soon come under increased scrutiny.

Yang plans to give every American adult $1,000 a month in universal basic income, as a way to offset job loss from automation. The first-time presidential candidate proposes paying for the monthly distributions, in large part, by implementing a new 10 percent value-added tax (VAT) on goods and services. What is a VAT tax?

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