Proposed plan would send Americans $2,000 a month until employment returns to pre-coronavirus levels
WASHINGTON - A plan introduced this week by two House Democrats would give millions of Americans $2,000 a month until employment returns to pre-coronavirus pandemic levels.
The Emergency Money for the People Act, introduced Tuesday by Reps. Tim Ryan, D-OH, and Ro Khanna, D-Calif., would give at least $2,000 a month to every U.S. citizen age 16 or older and making less than $130,000 a year.
In addition, married couples earning less than $260,000 annually would receive at least $4,000 per month. Eligible families with kids would receive an additional $500 per child for up to three children.
The money would be deliverable through direct deposit, check, pre-paid debit card, or on mobile money platforms such as Venmo, Zelle or PayPal.
A file image taken on March 19, 2020 shows U.S. dollar banknotes in Washington D.C. (Photo by Liu Jie/Xinhua via Getty)
Monthly payments would continue for at least six months and would last until “the employment to population ratio for people ages 16 and older is above 60%,” according to a statement released on Ryan’s website.
Nearly 17 million Americans filed for unemployment in three weeks’ time after statewide shutdowns and business closures across the country due to COVID-19, according to the U.S. Department of Labor.
To help workers pay their bills, the IRS began sending out one-time stimulus payments this week as part of the CARES Act, Most adults who earn up to $75,000 a year will receive a $1,200 payment — or $2,400 for married couples who made up to $150,000.
The proposed bill also includes some Americans who are unable to receive a stimulus payment under the CARES Act, such as college students and adults with disabilities who are still claimed as a dependent.
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“A one-time, $1,200 check isn’t going to cut it,” Khanna said. “Americans need sustained cash infusions for the duration of this crisis in order to come out on the other side alive, healthy, and ready to get back to work.”
The money would not count as income in order to protect eligibility for any of the income-based state or federal government assistance programs, according to the release.
“As millions of Americans file for unemployment week over week, we have to work quickly to patch the dam – and that means putting cash in the hands of hard-working families,” Ryan said.
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This story was reported from Cincinnati.