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Gavin Newsom’s ambitious plan to cut poverty in California
Posted on 1/12/19 at 12:52 pm
Posted on 1/12/19 at 12:52 pm
LINK
Have to say, I really like this program. Thoughts
quote:
Gavin Newsom, the newly inaugurated governor of California, has a big proposal for low-income people in his first budget: more than doubling the state’s Earned Income Tax Credit, or EITC. It’s a change that will put hundreds or thousands of extra dollars in the pockets of millions of poor and working-class Californians.
You might have heard of the federal EITC. It’s the largest dedicated anti-poverty program in the federal budget; in 2016, it kept an estimated 5.8 million people out of poverty, and made another 18.7 million people less poor. But most states (29 plus DC, to be precise) also have state EITCs, to offer additional support.
California’s state EITC is relatively recent, coming into effect in 2015. And unlike the federal credit, it’s specifically targeted at the very lowest-income Californians. If you’re a single parent of two, for instance, you can claim the federal EITC if you make as much as $45,802. In California, though, only parents making under $24,950 (or nearly half the federal maximum) would qualify. Until an expansion in 2017, the maximum income was less than $15,000.
That means that for very low-income people — say, a single mom of two who only makes $7,300 a year — the California EITC can be nearly as valuable as its federal version. This interactive from the California Budget and Policy Center offers a good illustration:
Have to say, I really like this program. Thoughts
Posted on 1/12/19 at 12:54 pm to TOKEN
quote:
a single mom of two who only makes $7,300 a year
Stop having children. How about birth control as a necessary requirement for government assistance.
Posted on 1/12/19 at 12:54 pm to TOKEN
Give them more money and they'll just have more kids and/or waste it.
Posted on 1/12/19 at 12:55 pm to TOKEN
quote:dollars to donuts it’s a huge scam and will cause more problems than it fixes
Have to say, I really like this program. Thoughts
Posted on 1/12/19 at 12:57 pm to Nguyener
quote:
Stop having children. How about birth control as a necessary requirement for government assistance.
Why do you care what California does? Do you live there?
Posted on 1/12/19 at 12:57 pm to Crimson Wraith
This is for working parents. It’s not a whole lot of money at say $7,000.
Posted on 1/12/19 at 12:57 pm to TOKEN
Doubling that big check for refund for taxes not paid.
Posted on 1/12/19 at 12:58 pm to LSUTIGER in TEXAS
quote:
dollars to donuts it’s a huge scam and will cause more problems than it fixes
Like what?
Posted on 1/12/19 at 12:58 pm to TOKEN
What job pays only 7000 dollars for a year?
Posted on 1/12/19 at 12:58 pm to TOKEN
It encourages poor people move/stay in California with no more of a contribution
California will soon have the highest rate of poverty in the country
California will soon have the highest rate of poverty in the country
Posted on 1/12/19 at 1:00 pm to Powerman
quote:
Why do you care what California does? Do you live there?
Yes. This is just another amazing idea by the Prince of the Bay
Posted on 1/12/19 at 1:03 pm to TOKEN
quote:
a single mom of two who only makes $7,300 a year
How is this possible? I made more money than that when I was in high school working part time flipping burgers.
Posted on 1/12/19 at 1:07 pm to TOKEN
quote:This should read"...it kept 24.5 million people mostly satisfied with a meager existence." It's blatant redistribution. But, Ca. please keep it up and attract the poors.
in 2016, it kept an estimated 5.8 million people out of poverty, and made another 18.7 million people less poor.
Posted on 1/12/19 at 1:07 pm to TOKEN
You know they have to instantly spend it or their benefits get cut off because theyre not allowed to have savings, right? WTF good is this going to do but make them still in poverty but with a new car they dropped 10K on and will get repoed anyway?
Posted on 1/12/19 at 1:09 pm to TOKEN
California is in a downward spiral.
Posted on 1/12/19 at 1:10 pm to TOKEN
Posted on 1/12/19 at 1:11 pm to TOKEN
Why not just abolish welfare and go to a guaranteed minimum income?
Posted on 1/12/19 at 1:12 pm to TOKEN
quote:
single mom of two who only makes $7,300 a year —
Dear sweet Jesus!! How incredibly lazy and or stupid do you have to be to only earn $7300 dollars A YEAR in the state of California? Just doing some quick math but if you only made 7 bucks an hour and worked a full 40 hours a week, you’d still make a shade over $14,500 dollars in a year’s time.
If you’ve got time to get dicked down and spit out a couple of kids, you’ve got time to get off your lazy, sorry arse and find a job!
This post was edited on 1/12/19 at 1:14 pm
Posted on 1/12/19 at 1:15 pm to Jake88
quote:
In 2016, the EITC lifted about 5.8 million people out of poverty, including about 3 million children. The number of poor children would have been more than one-quarter higher without the EITC. The credit reduced the severity of poverty for another 18.7 million people, including 6.9 million children. In combination with the Child Tax Credit (CTC), the EITC lifts even more families with children out of poverty (see figure).
LINK
This with rising minimum wages is probably better for a California vs other states. It’s not for everyone.
Posted on 1/12/19 at 1:21 pm to TOKEN
quote:
This with rising minimum wages is probably better for a California vs other states.
Raising the minimum wage is not going to help the poor and the lazy. You know why? Because when you raise the cost of production, the cost of goods and services also rises. The poor person pays for the higher prices out of his wage increase... The lazy person isn’t going to benefit either, because they are by definition lazy. If they are poor and starving at 7 dollars an hour because they refuse to work, they’ll be poor and starving at 15 dollars an hour.
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