The U.S. Could Help Solve Its Poverty Problem with a Universal Basic Income
“The child tax credit expansion is one step toward a universal basic income that could eliminate poverty without increasing unemployment. There are 37.9 million people in poverty in the U.S., according to 2021 Census Bureau figures. Providing a government-funded monthly payment to every individual would broadly lift them out of poverty, while providing millions of children a better chance at a good education, improved health and higher future earnings. With 11.6 percent of people in the U.S. living at or under the poverty line, this payment would benefit millions and save hundreds of billions of dollars by reducing the social costs of poverty.”