Politics: Presidential candidate Yang gives $1,000 a month to Iowa family - - PressFrom - US

PoliticsPresidential candidate Yang gives $1,000 a month to Iowa family

08:35  12 june  2019
08:35  12 june  2019 Source:   cbsnews.com

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Повторите попытку позже. Опубликовано: 29 апр. 2019 г. An entrepreneur and 2020 caucus candidate , Yang wants to give an Iowa family 2020 presidential candidate Andrew Yang on why he's pushing for a universal basic income - Продолжительность: 9:21 CBS News 243 123 просмотра.

This Presidential Candidate Wants to Give Every Adult $ 1 , 000 a Month . Andrew Yang ’s presidential platform is idiosyncratic. He’d like to fine companies that harass you with robocalls, force the NCAA to pay its college athletes, modernize voting so you can cast ballots from your cell phone

Presidential candidate Yang gives $1,000 a month to Iowa family© Provided by CBS Interactive Inc. Presidential candidate Andrew Yang, center, visits Kyle and Pam Christensen in their Iowa Falls home. Presidential candidate Andrew Yang has proposed a $1,000 universal basic income for every American adult.He is promoting the "Freedom Dividend" by shelling out cash to two families, one in Iowa, and one in New Hampshire.Iowa Falls resident Kyle Christensen, 41, said he'll use Yang's funds to help his mother settle her medical bills.

Democratic Presidential candidate Andrew Yang is redoubling his efforts to promote a hallmark campaign policy --  a $1,000 universal basic income for every American over the age of 18 -- by giving an Iowa family $1,000 a month for one year. Yang is spending $12,000 of his own money to demonstrate what his proposed "Freedom Dividend" would look like in action in the state.

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Presidential candidate Andrew Yang stopped in Saturday at the Detroit Shipping Company in Midtown Detroit. Andrew Yang , entrepreneur and 2020 caucus candidate , wants to give an Iowa family $ 1 , 000 a month to demonstrate his campaign policy.

Meet the Iowa Falls family Andrew Yang is pledging to give $ 1 , 000 a month for the next 12 months . Presidential candidate Andrew Yang surprised Kyle Christiansen and his mother, Pam, with the news on Sunday. The payments will begin in July.

This will be Yang's second "trial run" of the proposal, his campaign said in a press release Tuesday. Yang, a New York entrepreneur, in February awarded the same stipend to a New Hampshire family.

"We have plenty of resources in this country, but the benefits of living in the wealthiest and most advanced nation in the history of Earth are not being shared with most Americans. We must build a new economy that puts people first. If there's one policy that would transform American lives for the better on day one, it's the Freedom Dividend," candidate Yang said in the press release.

His proposed UBI would be funded by a 10 percent value-added tax, or VAT, on the production of goods and services, and would generate $800 billion in revenue.

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Andrew Yang , entrepreneur and 2020 caucus candidate , wants to give an Iowa family $ 1 , 000 a month to demonstrate his campaign policy. During a campaign stop in Detroit, Democratic presidential candidate Andrew Yang pitched his proposed plan to provide $ 1 , 000 a month payments to every

He’s the presidential candidate advocating for Americans to get a universal basic income. To prove his point, Andrew Yang will be giving $ 1 , 000 a month to a family in New Hampshire.

Economist Marshall Steinbaum, an author of a Roosevelt Institute report on the macroeconomic effects of a universal basic income, chuckled at the New York entrepreneur's announcement. "In terms of conducting an experiment, using two families seems more like a gimmick than a test of the efficacy of the policy," Steinbaum told CBS News.

He doesn't think the proposal would work anyway, because its funding mechanism -- a VAT -- would disproportionately harm people with lower incomes. "It would basically negate the positive effects of the entire policy," Steinbaum said.

But the lucky winner on Tuesday -- Iowa Falls resident Kyle Christensen, 41 -- will be awarded a "Freedom Dividend" without being taxed, since the amount Yang gave them falls below the threshold for the federal gift tax.

Christensen lives with his mother, Pam, who is two years into remission from cancer and requires a hip replacement and kidney transplant, in addition to maintenance chemotherapy.

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Andrew Yang , an entrepreneur and presidential candidate , wants to give every American adult $ 1 , 000 , every single month . To test a universal basic income program, Yang is giving two families , one in Iowa and one in New Hampshire, $ 1 , 000 a month out of his own pocket, according to CBS

Businessman and Democratic presidential hopeful Andrew Yang speaks at the Iowa Democratic Wing Ding at the Surf Ballroom in Clear Lake, Iowa , Friday, Aug. And I say, “Yeah, you can if you make me president . I will bring back $ 1 , 000 a month that’s getting sucked up into the cloud, right back here to

"I am really getting it for my mom, who has been sick for so long that she hasn't paid attention to politics, and at first didn't really understand what was happening," Christensen told CBS News.

He hasn't yet received a disbursement -- the first payment will be made in July -- but the pair already feels a sense of relief.

First, he'll settle his mom's medical bills, then he wants to send her to Florida where her niece and nephew, who she helped raise, live.

"We are encouraged to use it for fun stuff and she really wants to go to Florida because she hasn't been able to see them for the past 15 years," Christensen said.

For Kyle, an IT professional who also works as an auto mechanic to make ends meet, not much will change. He has been discouraged by financial gaps in the past and says the cushion of a stipend motivates him to work even harder.

"When there is nothing there it's like what's the point, I am not getting anywhere. Now there is this cushion to relieve me and it helps you feel better and more motivated. I could work less but I have no intent to," he said.

He said every cent -- except for what is spent on the Florida trip -- will "be thrown right back into the economy in our area."

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