A guaranteed income of $250/month per person under 65, the equivalent of expanding the existing refundable child tax credit to adults, would reduce the poverty rate by 5.9% (from 13.2% to 7.3%) , and the child poverty rate by 8.2% (from 12.6% to 4.4%).
JFI's position paper outlines their support for $250/month as a first-step towards implementing basic income. Drawing on research from Hartley & Garfinkel (2020), they suggest even such a small benefit level could make a large dent in poverty.
empirical