Close Menu
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
What's Hot

We’re Not Rich, but We’re Raising Our Kids in the Hamptons

November 7, 2026

My Friend Lives With Me and My Kids, and We’ve Both Saved Money

November 7, 2026

I Taught My Senior Dog Pilates and Started a Business

November 7, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated

Subscribe to USTaxNews

* indicates required

Subscribe for Tax Updates

Get the latest IRS news, tax tips, and deadlines delivered to your inbox.

style="display:none">
Facebook X (Twitter) Instagram
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
Home » An Illinois County Has Made a Guaranteed Minimum Income Permanent
Audit

An Illinois County Has Made a Guaranteed Minimum Income Permanent

EditorBy EditorNovember 22, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


Many American cities and counties have been experimenting with a novel concept: Giving financially vulnerable residents free money every month without expecting anything in return.

The goal is to let those people decide for themselves how best to spend the extra cash, rather than requiring them to spend it on certain kinds of food or other necessities.

When those programs end, many report largely positive results. Few, however, are ever made permanent.

Cook County in Illinois, which includes Chicago, is now an exception.

The Cook County Board of Commissioners unanimously approved its 2026 budget proposal on Thursday, and it includes $7.5 million for a guaranteed basic income program.

Cook County had earlier run a basic income experiment for two years. It provided $500 a month to 3,200 households during that time. The last payment went out in January.

“The County will invest $7.5 million to continue supporting the Guaranteed Income program, providing direct unconditional monetary support to help residents live healthier and more stable lives,” the county’s now-approved budget proposal says.

A guaranteed basic income is a social safety net program in which a government provides certain residents with recurring, no-strings-attached cash payments for a set period. Often, the eligible recipients fit specific criteria, such as having a household income near the poverty line.

A guaranteed basic income differs from a universal basic income, which is when a government provides all individuals in a population with recurring, no-strings-attached cash payments, regardless of their socioeconomic status.

AI leaders, such as Elon Musk and OpenAI CEO Sam Altman, have publicly advocated for basic income programs to mitigate the potential impact of AI on human jobs.

Governments worldwide have toyed with basic income programs. Ireland recently made its basic income for artists permanent, and South Korea is poised to launch one of the world’s largest programs.

Cook County released survey findings based on responses from those who received cash payments between 2022 and 2025. The majority said the payments made them more financially secure, reduced their stress, and improved their mental health.

The top reported uses for the payments were food, rent, utilities, and transportation.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor
  • Website

Related Posts

We’re Not Rich, but We’re Raising Our Kids in the Hamptons

November 7, 2026

My Friend Lives With Me and My Kids, and We’ve Both Saved Money

November 7, 2026

I Taught My Senior Dog Pilates and Started a Business

November 7, 2026
Leave A Reply Cancel Reply

News
Finance

Cosm rides premium moviegoing wave with more immersive screenings

Cosm’s Dallas venue.Courtesy of CosmThe next big thing in premium large format theatrical viewing takes…

Tesla to wind down Cybertruck production in Texas next year

November 6, 2026

Automakers face a tougher 2027 as costs rise, market tightens

November 6, 2026
Top Trending
IRS

IRS updates 2027 tax brackets and raises standard deduction to $16,600

The Big Money Show analyzes the latest tax votes as Florida voters…

IRS

IRS CEO Frank Bisignano says mobile app will combat fraud and theft

IRS CEO Frank Bisignano says the agency’s new mobile app will let…

IRS

Chinese national detained, indicted in $360K fake Microsoft tech support scam

Rep. Brett Guthrie, R-Ky., discusses how the United States should handle the…

Subscribe to News

Please enable JavaScript in your browser to complete this form.
Loading

Welcome to USTaxNews.live – Your Trusted Source for U.S. Tax, Accounting, and Financial News.

At USTaxNews.live, we’re committed to delivering accurate, timely, and practical information on everything related to U.S. taxes, IRS updates, legal issues, accounting practices, and the broader financial landscape. Whether you’re a taxpayer, accountant, legal professional, or business owner, we’re here to help you stay informed and ahead of change.

Our Picks

Mark Zuckerberg threatened to leave California over proposed billionaire tax, Meta says

October 22, 2026

California billionaire tax could leave state with less revenue, Stanford study cautions

October 19, 2026

California’s proposed billionaire tax: How does it add up?

October 18, 2026

Subscribe to Updates

Please enable JavaScript in your browser to complete this form.
Loading
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 ustaxnews. Designed by ustaxnews.

Type above and press Enter to search. Press Esc to cancel.