New York City Mayor, Michael Bloomberg is trying to devise a new plan on how one is considered poor in this city.
The federal method of calculating the income of poor people does not take into account the value of the extensive benefits that governments give out, like housing vouchers. But the city method will, offering an in-depth look at the assistance provided by New York, which has perhaps the most generous safety net in the nation.
Upwards of 600,000 families in the city are in public housing or receive substantial rental assistance. Other aid that would be counted toward income includes food stamps, subsidized child care and cash that is returned to families through the earned income tax credit and other tax credits. These benefits can be worth thousands of dollars a year for each family, and if that were the only change made in the formula, the number of poor in New York would drop drastically.
Do you think Mayor Bloomberg is capable of making that decision?
Sunday, December 30, 2007
Can A Mayor decide who is Poor?
Posted by Blogging New York at 7:26 AM
Labels: poverty redefined
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