Chapter 18 Flashcards
Means-tested programs
Government Program available only to individuals who qualify for them based ion specific needs
Social Security Trust fund
The “bank account” into which social security contributions are “deposited’; and used to pay out eligible recipients
Simpson-Mazzoli
The Reagan-era law which provided amnesty to many immigrants and toughed border controls
Immigration
The Movement of people to another country with the intention of remaining there
Temporary Assistance For Needy Families
Once called “aid to families with dependent children” the new name for public assistance to needy families
Personal responsibility and Work opportunity Reconciliation Act
The Official name of the welfare reform law of 1998
Social Security Act of 1935
Created both the Social security Program and a national assistance program for poor children
Transfer Payments
Benefits given by the government directly to individual
Earned income Tax Credit
A negative income tax that provides income to very poor individual in lieu of charging them federal income taxes
Regressive Tax
A tax in which the burden falls relatively more heavily on low-income groups than on wealthy taxpayers
Proportional tax
A tax by which the government takes the same share of income from everyone, rich and poor
Progressive tax
A tax by which the government takes a greater share of the income of the rich than of the poor
Feminization of Poverty
increasing concentration of poverty among women , especially unmarried women and their children
Poverty line
a method used to count the # of poor people, it considers what a family must spend for an “austere” standard of living
Wealth
Then value of assets owned
