Recall that last spring’s reconciliation bill included an expanded child tax credit, which payments were automatic monthly payments that went to families without income as well as to those with income.
Progressive-Democrats, in the current reconciliation bill, want to make those credits permanent, and still automatic. Progressive-Democrats also want to start paying out a universal basic income to all Americans. But, House Majority Leader Steny Hoyer (D, MD) is denying that the child tax credit is a step toward a universal basic income.
As constructed, though, this “credit,” paid automatically regardless of “need,” is itself income, and given the breadth of Americans who receive it, it’s virtually universal all by itself.
And, of course, it’s income.
What is Hoyer’s limiting principle that proves this child tax credit is not a step on the road to a fully universal basic income? What hard principle prevents him from changing his mind on this, or that prevents any of his colleagues from changing this “credit,” later?
Hoyer has none. He’s simply being disingenuous when he claims the nearly universal child tax credit isn’t a step—a huge step, nearly spanning the gap, I say—toward a universal basic income.