A Chicago task force dedicated to studying economic inequality released on Thursday its recommendation to explore a guaranteed income pilot and expand the Earned Income Tax Credit. The recommendations were included in a 50-page report filled with data about stagnant wages and growing income inequality and highlighting personal stories of Chicagoans struggling to make ends meet despite working multiple jobs and sticking to strict budgets. According to the task force, these proposals would put additional money in the pockets of low- and middle-income families to keep them above water financially. Guaranteed income, often called universal basic income, is the […]
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