S.20.3-16: Family Opportunity Fund Act (Law'd)

[diptheriadan]

I'm not entirely sure whether the tax would actually cover this. I'm still trying to find state-based data on the number of children, but according to this website, there are 73.7 million in the United States. 1/3rd of that would be 24,321,000 in the South. At 6,000 a year per child, that would be 145,926,000,000$ a year, which is something like 3x what our current budget surplus is.

[diptheriadan]

Also, according to the 2018 budget, a 4% income tax would only bring in 19.04$ billion, which, when factoring in that this is just for incomes exceeding 100,000$ as well as the decreased total revenue because of the pandemic/recession, is probably comparable to this hypothetical 5% tax.

[diptheriadan]

So, capping the money to only those below the poverty line is going to have to be a must.

[diptheriadan]

We'll need a report from the GM (or is it the Comptroller General who does cost estimates now?), but even then that might not be enough, as we're still looking at this bill costing well more than our current  surplus.

[diptheriadan]

Abstain

[diptheriadan]

Honestly, unless we minimize who is getting this money, I don't even really see a point in debating it. I'm not comfortable taxing an incredible amount of money for one program that's mainly going to benefit people that don't even really need it.