Representative Dennis Kucinich introduced the NEED Act into the U.S. House of Representatives several months ago. The act is mostly aimed at reforming the U.S. banking system, but it includes a provision for outlining a plan to create a Citizens Dividend (another name for Basic Income). The exact wording of the relevant section of the bill is, “. . . the Secretary [of the Treasury], in cooperation with the Monetary Authority, shall make recommendations to the Congress for payment of a Citizens Dividend as a tax-free grant to all United States citizens residing in the United States in order to provide liquidity to the banking system at the commencement of this Act, before governmental infrastructure expenditures have had a chance to work into circulation. . . . The Secretary shall maintain a thorough study of the effects of the Citizens Dividend observing its effects on production and consumption, prices, morale, and other economic and fiscal factors.”
An article about the act is online at:
https://www.progress.org/2011/hueylong.htm
The text of the bill is online at:
https://kucinich.house.gov/UploadedFiles/NEED_ACT.pdf
