The bill introduced by Kamala Harris, Bernie Sanders, and Ed Markey, the Monthly Economic Crisis Support Act, has resurfaced but, due to costs, is highly unlikely to pass.
Provides a monthly $2,000 check to every individual with an income below $120,000 throughout and for three months following the coronavirus pandemic.
Married couples who file jointly would receive $4,000.
$2,000 per child up to three children
Retroactive to March
Ensures that every U.S. resident receives a payment, regardless of whether or not they have filed a recent tax return or have a social security number
Uses the data from the Supplemental Nutrition Assistance Program (SNAP), Supplemental Security Income, (SSI), Medicare and housing assistance programs
Forbids debt collectors from seizing the rebate payments
Ensures the homeless and foster youth receive payments
This act, while noble, costs $5.7 trillion and faces steep opposition from conservatives who are balking at the price tag.
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Monthly Economic Crisis Support Act
The Controversial Legislation Summarized
July 8, 2020, 6:00:00 AM