Photo: Business Insider
If you are one of millions of Americans that received their $1,200 stimulus check this week; you are eligible to receive a $2,000 monthly check introduced by two Democratic lawmakers in the House of Representatives.
In brief, under the Emergency Money for the People Act, US citizens that are 16 or older with an annual salary of less than $130,000 will receive cash payments from the federal government for a minimum of six months. This will extend until unemployment dips to pre-pandemic levels. On Tuesday, April 14th, the bill was introduced by Representative Tim Ryan (former presidential candidate) and Representative Ro Khanna (former cochair of Senator Bernie Sanders). The bill has 17 other cosponsors, all Democrats, including Representative Barbara Lee, the leader of the House Steering and Policy Committee. The $2,000 will be paid to millions of adults. For qualifying families, they will receive an additional $500 per child. All money will be deliverable via direct deposit, check, or mobile apps such as Venmo. In a press release, Ryan said:
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.”
The IRS has started mailing out checks on Wednesday, April 15th that were approved by the recent COVID-19 relief package. The checks themselves will be printed with President Donald Trump’s name on them.
On the other hand, critics like Khanna has states that those checks are an inadequate response to the crisis. The same crisis that has forced more than 22 million people to file for unemployment over the last four weeks. Hanna continues with saying: A one-time, $1,200 check isn't going to cut it. 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.”
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