Poverty: Living in the Shadows
Poverty affects us all
● U.S. ranks 34 out of 35 industrialized Nations for Poverty
● Child poverty in Wooster is 31.5%*
● Child poverty in Parma- 16.8% *
● Child poverty in Medina- 19.7%. *
*That’s a family of four living on less than $24,300.
Why should I care?
Two numbers- 32 cents and $1.61*. $1.61 is economic the impact of providing $1 to help those in need. Provide cloths, food, shelter and a hand up to those who need it the most. 32 cents is the economic impact of corporate tax cuts. Helping the working poor grows our economy at 5 times rate that providing tax cuts to the wealthy.
What does this mean for you?
It means economic growth.
It means more jobs.
It means higher wages.
Let’s Do This!
There are three ways we can attack this problem.
1) Ensure TANF Block Grants for the Needy are Spent on the Needy. The federal government currently provides block grants to the states totaling $35 billion or 1% of the U.S. Budget. This cost averages out to about $100 per person living in the U.S. States have raided these funds and used them for other pet programs that do not help the needy. For example, Louisiana only spends 11% of these funds on programs to help the poor. Ohio spends about 69% of these funds to help the poor. If the federal government is provided these funds to reduce poverty, they need to be used for this purpose.
2) Double the Minimum Wage. There are 10 million working Americans living at or below the poverty Some of these Americans work two or three jobs. Raising the minimum wage would lift most of these individuals out of poverty and provide them with the resources to seek better jobs and better wages. This will also put upward pressure on all wages, meaning that the middle class will also see higher pay.
3) Promote Small Business Tax Cuts. Right now, there are tax cuts available for business that hire veterans or individuals that have fallen on hard economic times, unfortunately many small businesses don’t know about these tax benefits. We need to promote these promote these tax credits and make them simple for small business to use. There is no reason corporate America should receive these credits and not the local businesses in your community.
Page 16 table 11- “How the Great Recession Was Brought to an End,” released July 28, 2010, and available at www.dismal.com/mark-zandi/documents/End-of-Great-Recession.pdf