More money could be going into your account every month if things work out.
Two House Democrats have introduced legislation that would pay millions of Americans $2,000 a month until the economy recovers from COVID-19
The bill — the Emergency Money for the People Act — was proposed by Reps. Tim Ryan of Ohio and Ro Khanna of California.
Under the Emergency Money for the People Act, US citizens who are 16 or older — and make less than $130,000 a year — would receive cash payments from the federal government for at least six months and until unemployment falls to pre-pandemic levels.
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, and families can get payments for up to three children.
A married couple making under $260,000 with 3 kids would receive $5,500 per month, for example.
Those who had no earnings, were unemployed, or are currently unemployed would also be eligible.
“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,” Ryan said in a statement.
“A one-time, twelve hundred dollar check isn’t going to cut it,” Khanna said about President Trump administration’s current stimulus payments to every American which started this week.
“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. Members on both sides of the aisle are finally coming together around the idea of sending money out to people. Rep. Ryan and I are urging leadership to include this bill in the fourth COVID relief package to truly support the American working class.”
The bill was introduced Tuesday by Rep. Tim Ryan, a former presidential candidate associated with the moderate wing of the Democratic Party, and Rep. Ro Khanna, the former cochair of Sen. Bernie Sanders’ recently suspended campaign for president. It has 17 other cosponsors, all Democrats, including Rep. Barbara Lee, who helps lead the House Steering and Policy Committee, Business insider reported.