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Representatives Khanna (CA-17) and Tim Ryan (OH-13) introduced the "Emergency Money for the People Act" to provide additional cash payments for hard-working Americans who have been impacted by the COVID-19 pandemic. While the CARES Act was an important first step, its one-time payment does not provide nearly enough support for American families.
The Emergency Money for the People Act expands relief to more Americans and includes a $2,000 monthly payment to every qualifying American over the age of 16 for up to 12 months. It also fixes a bug in the CARES Act to ensure college students and adults with disabilities can still receive the payments even if claimed as a dependent. The Emergency Money for the People Act additionally recognizes that not everyone has a bank or a home address to receive a check – so it allows individuals to get this money through direct deposit, check, pre-paid debit card, or mobile money platforms such as Venmo, Zelle, or PayPal.
Eligibility:
Every American age 16 and older making less than $130,000 annually would receive at least $2,000 per month.
Married couples earning less than $260,000 would receive at least $4,000 per month.
Qualifying families with children will receive an additional $500 per child – families will receive funds for up to three children.
For example, a married couple making under $260K with 3 kids would receive $5,500 per month.
Those who had no earnings, were unemployed, or are currently unemployed would also be eligible.
Those who were not eligible in 2019 or 2018 but would be eligible in 2020, could submit at least two consecutive months of paychecks to verify income eligibility.
The Emergency Money for the People Act also expands the program to millions more Americans who were excluded from the CARES cash rebates – such as college students and adults with disabilities who are still claimed as a dependent. The individual will receive the payment and their parent or guardian will receive the dependent credit.
originally posted by: lakenheath24
How in the name of Jesus are we ever gonna clear the debt?
It boggles the mind how much money that is.
Id rather give it.to an established small business or something.
How in the name of Jesus are we ever gonna clear the debt?
originally posted by: network dude
originally posted by: olaru12
I remember a time when the GOP was the party of fiscal responsibility...
Now they give away money that makes Obama's "free stuff" look like nothing.
hells yea! Look at all those R's sponsoring this bill......DERP!
originally posted by: Sookiechacha
a reply to: lakenheath24
How in the name of Jesus are we ever gonna clear the debt?
Let's say you own a hotel, and some guy comes in a slaps $100 down on the counter, as a down payment for a room and a party he will be throwing the coming weekend. But first he wants to inspect the property, meet the employees and check out the amenities.
You say sure, and take that $100 and pay a vender, who pays the auto repair guy $100, who takes that and pays his janitor $100, who pays the hooker he owes $100, who takes that $100 and pays you the money she owes you for the room she used last night.
Then the guy comes back and says, never mind, this place isn't up to my standards, so you him give back the $100, from the money that the hooker just paid you.
That's how stimulus money works.