With many Americans getting their $1,200 coronavirus stimulus checks this week, it’s clear that this one-time payment won’t nearly be enough to cover expenses and other hardships caused by the coronavirus pandemic.
Democratic house representatives Tim Ryan and Ro Khanna introduced legislation on Tuesday that could see Americans receive $2,000 amonth until the economy recovers. Named the Emergency Money for the People Act, the legislation covers U.S. citizens 16 or older and those who bring in less than $130,000 a year.
“The economic impact of this virus is unprecedented for our country. 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,” said Tim Ryan. “Many Ohioans are just receiving—or about to receive—the first cash payment we passed in the CARES Act. Now it’s time for Congress to get to work on the next step to provide relief for those who have been hardest hit in this pandemic.”
In addition to the $2,000 payments a month for the next six months each adult would receive, qualifying families would also get an additional $500 per child. The money would reportedly be delivered via direct deposit, check, or even through mobile cash-sending apps like Venmo.
Now THIS sounds more like it.