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Guaranteed Income for the 21st Century

The authors propose a basic income program via extending & overhauling the Earned Income Tax Credit, eliminating the wage-earning requirements so that everyone beneath a certain threshold receives benefits, and slowly phasing payments out as incomes rise. The proposal would nearly eliminate federally recognized poverty, and cost roughly $840 billion per year.

2021

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A negative income tax that eliminates poverty, with a maximum benefit of $12,500 that phases out by $50,000 for single-adult households and $70,000 for two-adult households, is estimated to cost $839 billion per year.
Kelly Capatosto Ari Glogower Kyle Strickland Naomi Zewde Darrick Hamilton
Basic Income
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