Business, 08.09.2020 15:01 buky0910p6db44

A 1996 bill reforming the federal government's antipoverty programs limited many welfare recipients to only 2 years of benefits. This change gives people the incentive to find a job quickly than if welfare benefits lasted forever.

The loss of benefits after 2 years will result in the distribution of income becoming equal. In addition, the economy will be efficient because of the change in working incentives.

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A 1996 bill reforming the federal government's antipoverty programs limited many welfare recipients...