General World News

California lawmakers just approved the nation’s first guaranteed income program

dollar bills

Summary List Placement

In the first-of-its-kind state initiative, California just approved a program to distribute monthly checks to its residents, marking a step toward a universal basic income in the country.

On Thursday, California’s state legislature unanimously passed a $35 million guaranteed income program funded by taxpayer dollars, in which residents can receive up to $1,000 monthly checks. According to the text of the bill, the program would prioritize residents who age out of the foster system and pregnant individuals, and it does not contain any restrictions on how the monthly payments should be spent.

“I’d like to thank details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com