ANDREW YANG UPDATE

A former entrepreneur and political neophyte, he ran a surprisingly popular campaign in 2019 during the Democratic presidential primary race. Yang’s rise as an American political celebrity has been swift and startling. And there is little reason to believe his proposed solution - a third party with no clear policy vision other than universal basic income and a grab bag of mostly incremental democracy reforms - has a market or could inspire the kind of mass movement a third party would need to become viable.

But his diagnosis of the problems that ail us is shallow: Our polarization crisis is driven by far more than primary-induced partisanship and uncompetitive districts. Trust in them has been declining for many years. Yang is right that there is widespread disillusionment with Congress and our major political institutions. Read more personal finance information, news, and tips on Cashayįollow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube, and Reddit. House and Senate pass $900 billion stimulus deal Stock market highs, booming housing, and millions unemployed: A tale of two Americas amid the coronavirus pandemic “There was very much an attitude ‘We don't care about the budget deficit’ which in this context was certainly appropriate but we're not always going to be in that context.”ĭenitsa is a writer for Yahoo Finance and Cashay, a new personal finance website. “These are extraordinary times, you could justify extraordinary measures,” he said.

ANDREW YANG UPDATE

Update your settings here to see it.īaker noted that the support for direct payments is still high among lawmakers from both sides of the aisle because the economy continues to recover from a historic pandemic and resulting recession. This content is not available due to your privacy preferences. “This isn’t going to be an easy task where you can just say ‘we got the 500,000 lowest income people’ and send them a check.” “There will of course be expenses associated with getting the money out which given those numbers doesn't seem like he's included them,” Baker noted. The direct relief would be supplementary to other benefits people receive so SNAP, TANF, Medicaid, and housing assistance recipients “would have no interruption to these benefits,” according to Yang’s campaign website. “If New York City wants to spend a couple of billion dollars a year on the universal basic income, it has to cut other spending or raise taxes on the rich.”Īll New Yorkers would be eligible for the payments regardless of immigration status or whether they’ve been incarcerated. “At the local level, where budgets are constrained, you can’t run budget deficits, the question is, what does Yang plan to cut?” Dean Baker, chief economist at the Center for Economic and Policy Research, told Yahoo Money. New York City Mayoral candidate Andrew Yang speaks at a press conference on Januin New York City.

Andrew yang