Posted by
Message
TOKEN
LSU Fan
Member since Feb 2014
10240 posts

Gavin Newsom’s ambitious plan to cut poverty in California
LINK

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:


Image: https://i.imgur.com/mfYPzj9.jpg


Have to say, I really like this program. Thoughts


Nguyener
UNO Fan
Member since Mar 2013
6303 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
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.


Crimson Wraith
USA Fan
Member since Jan 2014
11194 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
Give them more money and they'll just have more kids and/or waste it.



LSUTIGER in TEXAS
USA Fan
Member since Jan 2008
10791 posts
 Online 

re: Gavin Newsom’s ambitious plan to cut poverty in California
quote:

Have to say, I really like this program. Thoughts
dollars to donuts it’s a huge scam and will cause more problems than it fixes


Powerman
LSU Fan
Virginia
Member since Jan 2004
138050 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
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?


TOKEN
LSU Fan
Member since Feb 2014
10240 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
This is for working parents. It’s not a whole lot of money at say $7,000.


themunch
Member since Jan 2007
40624 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
Doubling that big check for refund for taxes not paid.


TOKEN
LSU Fan
Member since Feb 2014
10240 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
quote:

dollars to donuts it’s a huge scam and will cause more problems than it fixes


Like what?


Replies (0)
Replies (0)
06
themunch
Member since Jan 2007
40624 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
What job pays only 7000 dollars for a year?


Replies (0)
Replies (0)
231
RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
165862 posts
 Online 

re: Gavin Newsom’s ambitious plan to cut poverty in California
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



Replies (0)
Replies (0)
321
SDVTiger
Hawaii Fan
Volcom Pipeline House
Member since Nov 2011
31262 posts
 Online 

re: Gavin Newsom’s ambitious plan to cut poverty in California
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


Replies (0)
Replies (0)
90
03GeeTee
LSU Fan
Oklahomastan
Member since Oct 2010
2727 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
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.


Jake88
George Mason Fan
LSU/Saints Fan
Member since Apr 2005
35748 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
quote:

in 2016, it kept an estimated 5.8 million people out of poverty, and made another 18.7 million people less poor.
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.


Gusoline
Auburn Fan
Jacksonville, NC
Member since Dec 2013
5891 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
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?


Replies (0)
Replies (0)
40
RockyMtnTigerWDE
Auburn Fan
Co-Captain PosiBarners
Member since Oct 2010
74895 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
California is in a downward spiral.


Replies (0)
Replies (0)
62
Scoop
LSU Fan
NWLa
Member since Sep 2005
42245 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California


Replies (0)
Replies (0)
70
TrueTiger
LSU Fan
Chicken's most valuable
Member since Sep 2004
35432 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
Why not just abolish welfare and go to a guaranteed minimum income?


Replies (0)
Replies (0)
06
Blizzard of Chizz
Auburn Fan
Member since Apr 2012
13161 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
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 at 1:14 pm


Replies (0)
Replies (0)
90
TOKEN
LSU Fan
Member since Feb 2014
10240 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
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.


Blizzard of Chizz
Auburn Fan
Member since Apr 2012
13161 posts

re: Gavin Newsom’s ambitious plan to cut poverty in California
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.


first pageprev pagePage 1 of 4next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram