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As the bellwether for many policy ideas, California could takethe lead once again. Democratic Assemblyman Evan Low has introduceda bill to create a universal basic income for state residents.
The Hill reports that the bill, AB 2712, faces an uphill battle despite itslimitations—the proposed California Universal Basic Income Programdoes exempt people already using Medi-Cal, County Medical ServicesProgram, CalFresh, CalWorks or Unemployment Insurance fromreceiving what would be a $1,000 monthly payment for residents over18.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
