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Williamson announces poverty plan with support for universal basic income, $15 minimum wage


Added 11-13-19 04:57:01pm EST - “Author and 2020 presidential candidate Marianne Williamson on Wednesday released a plan aimed at reducing poverty.” - Thehill.com

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Posted By TheNewsCommenter: From Thehill.com: “Williamson announces poverty plan with support for universal basic income, $15 minimum wage”. Below is an excerpt from the article.

Author and 2020 presidential candidate Marianne WilliamsonMarianne WilliamsonYang seeks donations for 2020 rival Marianne Williamson: 'She has much more to say' Pushing results, not polarization, in New Hampshire Williamson focuses on reparations in first ad of presidential campaign MORE on Wednesday released a plan aimed at reducing poverty.

In a press release, Williamson's campaign outlined the plan, which called for the U.S. to adopt a nationwide $15 minimum wage and endorses a $1,000 universal basic income (UBI).

The plan is funded in part by a 2 percent wealth tax on fortunes greater than $50 million and a 3 percent tax on fortunes greater than $1 billion, as well as a "tiny tax" on Wall Street trading.

The plan's UBI is similar to the one championed by Williamson's 2020 rival, Andrew YangAndrew YangOutsider candidates outpoll insider candidates Is Andrew Yang's pivot working? New Quinnipiac poll finds Biden leading in New Hampshire MORE. Other tenets of the plan include expanding the Earned Income Tax Credit (EITC) and restoring funding to the Temporary Assistance for Needy Families (TANF) grants program.

Williamson also called for implementing a public Medicare option, reducing the costs of prescription drugs through government regulation, and expanding Social Security benefits, which she said would be paid for by ending the cap on payroll taxes.

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