California Passes A Guaranteed Income Plan – First State To Do So

Credit: AP


California lawmakers unanimously approved the nation’s first taxpayer-funded guaranteed income plan Thursday.

The bill sets aside $35 million for no-strings-attached monthly cash payments to some pregnant women and young adults who recently left foster care.

The move comes after Oakland and other municipalities approved a monthly stipend for some disadvantaged residents — a philosophy that has been gaining nationwide momentum and was championed by failed presidential and New York mayoral candidate Andrew Yang.

The vote came as millions of Americans received their first monthly payments from an extension of the federal child tax credit.

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