WASHINGTON, DC –
Amid discussions that the initial $1,200 coronavirus relief payment wouldn’t be enough for Americans, new legislation is on the table.
Democratic House Representatives Tim Ryan and Ro Khanna introduce a new piece of legislation to continues to help Americans. The new legislation gives qualifying Americans $2,000 a month until the economy returns to stability. They’ve named it the “Emergency Money For the People Act” and it covers Americans 16 and older who make less than $130,000, annually.
A new study suggests that nearly 8% of Americans employed in January are now unemployed. 20 million Americans lost their jobs between January and April. Even scarier, the study suggests that just a little under half of the American population will be unemployed through April. “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. As Quartz details, we’ll know when the economy is balancing itself when the employment rate gets back above 60%.
Before the storm is always better.
As Ryan shares, we must be proactive with handling the economy. Although relief is on the way to some Americans, now is the time to plan for the rest of the aid. “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.”
Khanna/Ryan Livestream: Emergency Money for the People Act https://t.co/00rFzE5IpK
— Congressman Tim Ryan (@RepTimRyan) April 14, 2020
$1,200 is not enough.
In addition to the $2,000 a month payments, families would receive $500 per child. Complex shares that the funds would be distributed through direct deposit, check, or other third party systems like Venmo. No matter how it’s delivered, these lawmakers believe that their citizens need more.
“A one-time, $1,200 check isn’t going to cut it,” added Rep. Ro Khanna. “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.”