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ERIC Number: ED101044
Record Type: RIE
Publication Date: 1974-Dec-20
Reference Count: 0
Studies in Public Welfare, Paper Number 16: A Model Income Supplement Bill.
Joint Economic Committee, Washington, DC.
This volume presents a model bill which translates the recommendations of the Subcommittee on Fiscal Policy, as presented in its report entitled "Income Security for Americans," into legislative language. Accompanying the model bill is a section by section description and rationale. The basic goal of an income maintenance system is to help persons with low income. But the compelling need for reform now is to rationalize, systematize, and coordinate programs already in operation. The purpose of this bill is to replace or rationalize the many public programs offering support based on family and individual income by establishing, as a part of the income tax, a new Federal system of tax credits and allowances. This new system is designed to increase the equity, strengthen the administration, and improve the adequacy of income maintenance programs, and to restore desirable social and economic incentives to the Nation's system of income support. The proposed program, to begin in 1977, consists of two parts: modest cash grants related to income for the poorest and tax relief for low- and middle-income workers. Several current welfare programs (principally aid to families with dependent children and food stamps) will be scrapped in favor of a comprehensive system of tax credits and modest cash allowances for the poor administered by the Internal Revenue Service. (Author/JM)
Descriptors: Economically Disadvantaged, Family Financial Resources, Family Income, Federal Legislation, Federal Programs, Finance Reform, Guaranteed Income, Income, Low Income, Policy Formation, Poverty, Poverty Programs, Public Policy, Welfare, Welfare Services
Superintendent of Documents, U.S. Government Printing Office; Washington, D.C. 20402 ($0.80)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Joint Economic Committee, Washington, DC.