Recent proposals to substantially expand the child tax credit, supported by President Biden, Democrats in Congress, and Senator Mitt Romney, have been characterized as a type of universal basic income, at least for families with children. The UBI concept received national attention early last year when Democratic presidential candidate Andrew Yang proposed a monthly payment of $1,000 for every adult. The concept has previously attracted support from people across the political spectrum.
What makes a UBI different from the government programs we have today? Some observers think the key difference is that a pure UBI would go to everyone, regardless […]
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